Insider Selling: FIGS (NYSE:FIGS) CFO Sells 90,000 Shares of Stock

FIGS, Inc. (NYSE:FIGS – Get Free Report) CFO Sarah Oughtred sold 90,000 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $21.92, for a total transaction of $1,972,800.00. Following the completion of the sale, the chief financial officer owned 954,007 shares of the company’s stock, valued at approximately $20,911,833.44. The trade was a 8.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FIGS Stock Performance

Shares of FIGS stock opened at $23.38 on Thursday. The stock has a fifty day moving average price of $16.77 and a 200 day moving average price of $13.80. The stock has a market cap of $3.88 billion, a PE ratio of 61.54 and a beta of 1.05. FIGS, Inc. has a 1 year low of $8.95 and a 1 year high of $23.77.

FIGS (NYSE:FIGS – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $190.69 million for the quarter, compared to analyst estimates of $182.82 million. FIGS had a net margin of 9.67% and a return on equity of 14.65%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. As a group, equities research analysts predict that FIGS, Inc. will post 0.35 earnings per share for the current year.

Institutional Investors Weigh In On FIGS

Several hedge funds and other institutional investors have recently modified their holdings of FIGS. Diversified Trust Co acquired a new position in FIGS in the third quarter worth $315,000. Jefferies Financial Group Inc. acquired a new stake in shares of FIGS during the third quarter worth $6,286,000. Alps Advisors Inc. acquired a new stake in shares of FIGS during the third quarter worth $575,000. State of Wyoming lifted its position in shares of FIGS by 6.9% in the 3rd quarter. State of Wyoming now owns 69,746 shares of the company’s stock worth $967,000 after buying an additional 4,487 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of FIGS by 848.2% in the 3rd quarter. Sterling Capital Management LLC now owns 3,167 shares of the company’s stock worth $44,000 after buying an additional 2,833 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

FIGS has been the topic of a number of recent research reports. Cantor Fitzgerald started coverage on shares of FIGS in a research report on Tuesday. They set an “overweight” rating and a $25.00 price target on the stock. Weiss Ratings lowered shares of FIGS from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Telsey Advisory Group cut their target price on shares of FIGS from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Friday, August 7th. Roth Capital restated a “buy” rating on shares of FIGS in a report on Friday, August 7th. Finally, KeyCorp increased their price target on FIGS from $20.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 6th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, FIGS has a consensus rating of “Moderate Buy” and an average price target of $21.62.

Read Our Latest Stock Analysis on FIGS

FIGS Company Profile

(Get Free Report)

FIGS, Inc. designs and sells apparel and accessories for healthcare professionals. Its products include scrubs, underscrubs, lab coats, outerwear, footwear, compression socks and other work-related accessories, with an emphasis on functional design and performance fabrics. The company primarily sells through its e-commerce platform, serving healthcare workers in the United States and internationally. Its offerings are aimed at professionals across a range of medical roles and care settings. FIGS was founded in 2013 by Heather Hasson and Trina Spear.

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