FIGS, Inc. $FIGS Position Decreased by Security Benefit Life Insurance Co. KS

Security Benefit Life Insurance Co. KS decreased its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 62.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 565,560 shares of the company’s stock after selling 951,243 shares during the period. FIGS comprises approximately 1.5% of Security Benefit Life Insurance Co. KS’s holdings, making the stock its 10th largest position. Security Benefit Life Insurance Co. KS’s holdings in FIGS were worth $3,190,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC bought a new position in shares of FIGS in the second quarter worth about $92,000. Fox Run Management L.L.C. bought a new position in shares of FIGS in the second quarter worth about $100,000. Malaga Cove Capital LLC boosted its stake in shares of FIGS by 10.1% in the second quarter. Malaga Cove Capital LLC now owns 374,673 shares of the company’s stock worth $2,113,000 after acquiring an additional 34,235 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of FIGS during the second quarter worth about $141,000. Finally, Janney Montgomery Scott LLC bought a new stake in FIGS during the 2nd quarter valued at approximately $79,000. 92.21% of the stock is owned by institutional investors.

Insider Activity at FIGS

In related news, CEO Catherine Eva Spear sold 65,866 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $6.88, for a total value of $453,158.08. Following the sale, the chief executive officer directly owned 1,969,246 shares of the company’s stock, valued at $13,548,412.48. This represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sarah Oughtred sold 22,745 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total transaction of $168,085.55. Following the completion of the sale, the chief financial officer directly owned 845,345 shares of the company’s stock, valued at approximately $6,247,099.55. The trade was a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 184,148 shares of company stock worth $1,295,234. Insiders own 29.44% of the company’s stock.

FIGS Stock Up 13.9%

Shares of FIGS opened at $8.57 on Friday. The business has a fifty day moving average of $7.29 and a 200 day moving average of $6.17. The company has a market cap of $1.40 billion, a PE ratio of 85.69, a P/E/G ratio of 5.48 and a beta of 1.34. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $8.90.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. FIGS had a net margin of 3.03% and a return on equity of 4.58%. The business had revenue of $151.66 million for the quarter, compared to analysts’ expectations of $142.39 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. FIGS has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that FIGS, Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BTIG Research boosted their price target on FIGS from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. Cowen restated a “hold” rating on shares of FIGS in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FIGS in a research note on Wednesday, October 8th. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Finally, Morgan Stanley boosted their target price on shares of FIGS from $4.25 to $5.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.90.

FIGS Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.