Rice Hall James & Associates LLC Sells 6,017 Shares of FIGS, Inc. (NYSE:FIGS)

Rice Hall James & Associates LLC decreased its position in FIGS, Inc. (NYSE:FIGS) by 0.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 717,500 shares of the company’s stock after selling 6,017 shares during the period. Rice Hall James & Associates LLC owned 0.42% of FIGS worth $4,908,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bamco Inc. NY raised its position in FIGS by 2.0% during the 1st quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock valued at $128,145,000 after purchasing an additional 516,496 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of FIGS by 1.7% in the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after acquiring an additional 206,673 shares in the last quarter. Applied Fundamental Research LLC lifted its stake in FIGS by 25.8% in the first quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock worth $12,427,000 after acquiring an additional 511,794 shares during the period. Bank of New York Mellon Corp grew its holdings in FIGS by 16.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,307,304 shares of the company’s stock worth $12,298,000 after acquiring an additional 322,358 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in FIGS by 318.1% during the 2nd quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock valued at $8,081,000 after purchasing an additional 1,153,481 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Activity at FIGS

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total value of $228,849.30. Following the completion of the sale, the insider now owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 43,586 shares of company stock valued at $249,902 in the last ninety days. Corporate insiders own 22.30% of the company’s stock.

FIGS Stock Performance

NYSE:FIGS opened at $6.24 on Friday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 62.40, a P/E/G ratio of 85.47 and a beta of 1.43. The company’s 50-day simple moving average is $6.14 and its 200-day simple moving average is $5.66. FIGS, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $7.98.

FIGS (NYSE:FIGS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter. FIGS had a net margin of 3.39% and a return on equity of 4.94%. The business had revenue of $144.23 million for the quarter, compared to analyst estimates of $142.25 million. During the same period in the previous year, the company earned $0.02 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts forecast that FIGS, Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

FIGS has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research report on Friday, August 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price objective on shares of FIGS in a research note on Monday, August 5th. Two research 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 data from MarketBeat, FIGS currently has an average 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.