Financiere des Professionnels Fonds d investissement inc. Makes New Investment in FIGS, Inc. $FIGS

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of FIGS, Inc. (NYSE:FIGSFree Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 59,468 shares of the company’s stock, valued at approximately $878,000.

Other large investors also recently made changes to their positions in the company. UBS Group AG increased its holdings in FIGS by 45.2% during the fourth quarter. UBS Group AG now owns 277,151 shares of the company’s stock worth $3,148,000 after buying an additional 86,268 shares during the last quarter. Jennison Associates LLC acquired a new stake in FIGS in the fourth quarter valued at $5,717,000. LGT Fund Management Co Ltd. acquired a new stake in FIGS in the first quarter valued at $3,961,000. Cookson Peirce & Co. Inc. bought a new position in shares of FIGS in the 4th quarter valued at about $1,234,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of FIGS in the 1st quarter valued at about $7,028,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Transactions at FIGS

In related news, CFO Sarah Oughtred sold 23,597 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $338,145.01. Following the transaction, the chief financial officer directly owned 1,129,791 shares of the company’s stock, valued at approximately $16,189,905.03. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Heather L. Hasson sold 32,385 shares of FIGS stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $14.33, for a total transaction of $464,077.05. Following the completion of the sale, the chairman owned 1,433,807 shares of the company’s stock, valued at $20,546,454.31. This trade represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 27.06% of the company’s stock.

Analyst Ratings Changes

FIGS has been the topic of a number of research analyst reports. Zacks Research cut shares of FIGS from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. KeyCorp reiterated an “overweight” rating on shares of FIGS in a report on Tuesday, June 23rd. Morgan Stanley boosted their price target on FIGS from $8.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, April 13th. Weiss Ratings lowered FIGS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $20.00 price objective on shares of FIGS in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.93.

Read Our Latest Stock Analysis on FIGS

FIGS Trading Down 0.3%

NYSE:FIGS opened at $10.28 on Friday. The stock has a 50 day simple moving average of $11.37 and a 200 day simple moving average of $12.62. The stock has a market cap of $1.72 billion, a P/E ratio of 46.75 and a beta of 1.01. FIGS, Inc. has a 1-year low of $5.84 and a 1-year high of $17.48.

FIGS (NYSE:FIGSGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $159.90 million for the quarter, compared to analyst estimates of $153.15 million. FIGS had a return on equity of 9.69% and a net margin of 6.10%.The firm’s quarterly revenue was up 28.0% on a year-over-year basis. As a group, sell-side analysts forecast that FIGS, Inc. will post 0.26 EPS for the current year.

FIGS Profile

(Free Report)

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.

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Institutional Ownership by Quarter for FIGS (NYSE:FIGS)

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