FIGS’s (FIGS) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of FIGS (NYSE:FIGS) in a report released on Monday morning, Benzinga reports. The brokerage currently has a $7.00 price objective on the stock.

Separately, The Goldman Sachs Group upped their price target on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, FIGS has a consensus rating of “Hold” and a consensus target price of $5.60.

FIGS Price Performance

Shares of FIGS stock opened at $6.21 on Monday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 62.10, a PEG ratio of 83.33 and a beta of 1.44. The firm’s fifty day simple moving average is $6.16 and its 200-day simple moving average is $5.70. FIGS has a 12 month low of $4.30 and a 12 month high of $7.98.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter. The business had revenue of $144.23 million during the quarter, compared to analysts’ expectations of $142.25 million. FIGS had a net margin of 3.39% and a return on equity of 4.94%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 earnings per share. Analysts anticipate that FIGS will post 0.03 earnings per share for the current year.

Insider Activity

In related news, insider Heather L. Hasson sold 40,149 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $5.70, for a total value of $228,849.30. Following the sale, the insider now directly owns 425,710 shares in the company, valued at $2,426,547. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 43,586 shares of company stock worth $249,902. Company insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. ProShare Advisors LLC increased its position in FIGS by 26.6% during the first quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock worth $3,817,000 after buying an additional 161,249 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of FIGS during the second quarter valued at $3,856,000. Vanguard Group Inc. increased its position in FIGS by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock worth $62,735,000 after purchasing an additional 206,673 shares in the last quarter. Resolute Capital Asset Partners LLC acquired a new position in FIGS in the 2nd quarter valued at about $799,000. Finally, American Century Companies Inc. purchased a new position in FIGS in the 2nd quarter valued at about $554,000. 92.21% of the stock is owned by hedge funds and other 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.