FIGS (NYSE:FIGS) Reaches New 1-Year Low at $4.73

Shares of FIGS, Inc. (NYSE:FIGS) hit a new 52-week low during trading on Tuesday . The company traded as low as $4.73 and last traded at $4.81, with a volume of 489573 shares traded. The stock had previously closed at $4.75.

Analyst Ratings Changes

A number of brokerages recently commented on FIGS. Oppenheimer downgraded shares of FIGS from an “outperform” rating to a “market perform” rating in a research note on Friday, March 8th. Barclays lowered their target price on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. The Goldman Sachs Group decreased their price objective on shares of FIGS from $6.75 to $4.85 and set a “sell” rating for the company in a research note on Thursday, February 29th. Finally, Telsey Advisory Group cut FIGS from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $11.00 to $6.00 in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.21.

FIGS Price Performance

The firm has a market cap of $844.46 million, a price-to-earnings ratio of 45.27, a P/E/G ratio of 3.46 and a beta of 1.50. The firm’s 50 day moving average price is $5.69 and its two-hundred day moving average price is $6.17.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $144.90 million during the quarter, compared to the consensus estimate of $149.09 million. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, analysts anticipate that FIGS, Inc. will post 0.08 earnings per share for the current year.

Insider Activity

In other FIGS news, CFO Daniella Turenshine sold 4,201 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $6.08, for a total value of $25,542.08. Following the transaction, the chief financial officer now directly owns 429,821 shares of the company’s stock, valued at approximately $2,613,311.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other FIGS news, CFO Daniella Turenshine sold 4,201 shares of FIGS stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $6.08, for a total value of $25,542.08. Following the completion of the sale, the chief financial officer now directly owns 429,821 shares in the company, valued at $2,613,311.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heather L. Hasson sold 27,547 shares of FIGS stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $5.93, for a total value of $163,353.71. Following the sale, the insider now owns 499,308 shares in the company, valued at $2,960,896.44. The disclosure for this sale can be found here. Insiders have sold a total of 53,535 shares of company stock worth $311,528 over the last three months. Corporate insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its holdings in FIGS by 12.8% during the first quarter. Raymond James & Associates now owns 9,970 shares of the company’s stock worth $215,000 after buying an additional 1,129 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of FIGS by 1.6% during the fourth quarter. Legal & General Group Plc now owns 94,309 shares of the company’s stock worth $635,000 after purchasing an additional 1,460 shares during the last quarter. UBS Group AG grew its holdings in shares of FIGS by 8.6% during the first quarter. UBS Group AG now owns 22,506 shares of the company’s stock worth $484,000 after buying an additional 1,782 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of FIGS by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 248,047 shares of the company’s stock valued at $5,338,000 after purchasing an additional 2,126 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of FIGS by 86.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,614 shares of the company’s stock worth $27,000 after purchasing an additional 2,144 shares during the period. 92.21% of the stock is currently owned by institutional investors.

FIGS Company 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.