FIGS, Inc. (NYSE:FIGS – Get Free Report)’s share price traded up 4% during trading on Friday. The company traded as high as $12.91 and last traded at $12.9850. 504,541 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 3,195,081 shares. The stock had previously closed at $12.49.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Weiss Ratings raised shares of FIGS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Barclays upped their target price on shares of FIGS from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Wall Street Zen downgraded shares of FIGS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. 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 report on Friday, August 7th. Finally, KeyCorp upped their price objective on FIGS from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.71.
FIGS Price Performance
FIGS (NYSE:FIGS – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. FIGS had a net margin of 8.72% and a return on equity of 12.53%. The firm had revenue of $196.62 million during the quarter, compared to the consensus estimate of $186.17 million. During the same quarter last year, the firm earned $0.04 earnings per share. The firm’s revenue was up 28.8% compared to the same quarter last year. As a group, analysts expect that FIGS, Inc. will post 0.32 earnings per share for the current fiscal year.
Institutional Trading of FIGS
A number of institutional investors have recently modified their holdings of the business. IFP Advisors Inc lifted its stake in FIGS by 120.2% during the second quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock worth $45,000 after purchasing an additional 2,396 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of FIGS in the 2nd quarter valued at about $41,000. R Squared Ltd raised its stake in FIGS by 42.0% during the first quarter. R Squared Ltd now owns 15,009 shares of the company’s stock worth $222,000 after acquiring an additional 4,436 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in FIGS by 13.9% in the first quarter. The Manufacturers Life Insurance Company now owns 60,354 shares of the company’s stock worth $891,000 after acquiring an additional 7,348 shares during the last quarter. Finally, OP Asset Management Ltd acquired a new position in FIGS in the first quarter valued at approximately $115,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
FIGS Company Profile
FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing, footwear and accessories for healthcare professionals. Its product portfolio includes medical scrubs, scrub jackets, lab coats, underscrubs, outerwear, shoes, bags and other work-related accessories.
The company markets its products through its digital platform, retail locations and selected wholesale channels. FIGS emphasizes technical fabrics, comfort, functionality and contemporary styling, seeking to provide alternatives to traditional medical uniforms for nurses, physicians and other healthcare workers.
FIGS was founded in 2013 by Heather Hasson and Trina Spear and is headquartered in Santa Monica, California.
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