FIGS (NYSE:FIGS) Issues Earnings Results

FIGS (NYSE:FIGS) announced its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, Briefing.com reports. The company had revenue of $144.23 million for the quarter, compared to analyst estimates of $142.25 million. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share. FIGS updated its FY 2024 guidance to EPS.

FIGS Stock Down 14.0 %

NYSE:FIGS traded down $0.80 during trading hours on Friday, reaching $4.92. 11,132,687 shares of the company’s stock were exchanged, compared to its average volume of 3,747,669. FIGS has a 1-year low of $4.30 and a 1-year high of $7.98. The firm has a market capitalization of $837.52 million, a price-to-earnings ratio of 44.73, a P/E/G ratio of 86.00 and a beta of 1.42. The company has a 50-day moving average of $5.57 and a 200 day moving average of $5.46.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total transaction of $228,849.30. Following the completion of the sale, the insider now directly owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 44,638 shares of company stock worth $252,720. 22.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on FIGS shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 target price on shares of FIGS in a research report on Monday, August 5th. The Goldman Sachs Group upped their price objective on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday. Finally, Roth Mkm cut their target price on FIGS from $7.50 to $6.75 and set a “buy” rating on the stock in a research report on Friday, May 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.40.

About FIGS

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.