85,443 FIGS, Inc. $FIGS Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in FIGS, Inc. (NYSE:FIGS – Free Report) by 36.9% during the third quarter, HoldingsChannel.com reports. The firm owned 145,801 shares of the company’s stock after selling 85,443 shares during the period. ProShare Advisors LLC’s holdings in FIGS were worth $2,021,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FIGS. Arrowstreet Capital Limited Partnership lifted its position in shares of FIGS by 167.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,070,258 shares of the company’s stock worth $60,118,000 after buying an additional 2,546,905 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FIGS by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,552,919 shares of the company’s stock valued at $52,472,000 after acquiring an additional 257,644 shares in the last quarter. Jennison Associates LLC increased its stake in shares of FIGS by 178.4% during the first quarter. Jennison Associates LLC now owns 1,401,214 shares of the company’s stock valued at $20,696,000 after acquiring an additional 897,935 shares during the period. Wellington Management Group LLP acquired a new position in shares of FIGS during the second quarter valued at approximately $12,304,000. Finally, Bank of America Corp DE increased its stake in shares of FIGS by 190.3% during the first quarter. Bank of America Corp DE now owns 790,013 shares of the company’s stock valued at $11,668,000 after acquiring an additional 517,918 shares during the period. 92.21% of the stock is currently owned by institutional investors.

FIGS Trading Down 1.2%

Shares of NYSE FIGS traded down $0.25 during midday trading on Friday, reaching $19.96. The company’s stock had a trading volume of 7,430,912 shares, compared to its average volume of 4,487,996. FIGS, Inc. has a one year low of $8.00 and a one year high of $22.46. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 52.53 and a beta of 1.05. The company has a 50 day moving average price of $16.34 and a 200 day moving average price of $13.64.

FIGS (NYSE:FIGS – Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $190.69 million during the quarter, compared to analysts’ expectations of $182.82 million. FIGS had a net margin of 8.72% and a return on equity of 12.53%. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. Research analysts anticipate that FIGS, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FIGS shares. Wall Street Zen downgraded FIGS from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Telsey Advisory Group lowered their price target on FIGS from $17.00 to $16.00 and set a “market perform” rating on the stock in a research report on Friday, August 7th. KeyCorp boosted their price objective on FIGS from $20.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday. BTIG Research upped their price objective on FIGS from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, October 30th. Finally, Oppenheimer raised their target price on FIGS from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.

Read Our Latest Research Report on FIGS

More FIGS News

Here are the key news stories impacting FIGS this week:

  • Positive Sentiment: KeyCorp raised its price target on FIGS to $27 from $20 and reiterated an “overweight” rating. The new target implies 35.3% upside from the cited $19.96 share price. KeyCorp ratings
  • Positive Sentiment: FIGS reported Q3 revenue of $190.7 million, up 25.7% year over year and above the $182.8 million analyst estimate. Earnings of $0.10 per share also beat the $0.07 consensus and doubled the year-ago $0.05. Q3 earnings report
  • Positive Sentiment: Management also provided optimistic revenue guidance for the next quarter, adding to the upbeat earnings report. Q3 sales and guidance article
  • Negative Sentiment: A recent analysis described FIGS as “priced for perfection” after a substantial run-up, suggesting high expectations could limit further gains or magnify a disappointment. Valuation analysis

FIGS Company Profile

(Free Report)

FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing and accessories for healthcare professionals. Its product portfolio includes scrubs, underscrubs, outerwear, footwear, bags and other accessories intended to combine functionality, comfort and contemporary design.

The company sells primarily through its digital platform and also operates retail locations and other distribution channels. FIGS serves healthcare professionals in the United States and select international markets, including Canada, the United Kingdom and Australia.

FIGS was founded in 2013 by Heather Hasson and Trina Spear.

See Also

Want to see what other hedge funds are holding FIGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FIGS, Inc. (NYSE:FIGS – Free Report).

Institutional Ownership by Quarter for FIGS (NYSE:FIGS)

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