FIGS, Inc. (NYSE:FIGS - Get Free Report) CFO Sarah Oughtred sold 10,872 shares of the company's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $14.44, for a total value of $156,991.68. Following the completion of the sale, the chief financial officer owned 1,153,388 shares in the company, valued at $16,654,922.72. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sarah Oughtred also recently made the following trade(s):
- On Thursday, February 5th, Sarah Oughtred sold 22,690 shares of FIGS stock. The shares were sold at an average price of $10.56, for a total value of $239,606.40.
- On Wednesday, January 7th, Sarah Oughtred sold 10,515 shares of FIGS stock. The shares were sold at an average price of $11.50, for a total value of $120,922.50.
FIGS Trading Down 9.2%
Shares of FIGS stock opened at $13.31 on Tuesday. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 70.05 and a beta of 1.20. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $17.48. The firm's 50-day moving average price is $13.24 and its two-hundred day moving average price is $10.90.
FIGS (NYSE:FIGS - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.08. The firm had revenue of $201.90 million for the quarter, compared to analysts' expectations of $165.33 million. FIGS had a net margin of 5.43% and a return on equity of 8.41%. The company's quarterly revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, equities research analysts predict that FIGS, Inc. will post 0.01 EPS for the current year.
Analyst Upgrades and Downgrades
FIGS has been the topic of several research analyst reports. KeyCorp upgraded FIGS from a "sector weight" rating to an "overweight" rating and set a $17.00 target price on the stock in a report on Friday, February 27th. Barclays upgraded FIGS from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. Weiss Ratings restated a "hold (c-)" rating on shares of FIGS in a report on Monday, December 29th. Wall Street Zen upgraded FIGS from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 28th. Finally, Wolfe Research upgraded FIGS to a "buy" rating in a report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.93.
Read Our Latest Stock Analysis on FIGS
Institutional Trading of FIGS
Hedge funds have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd grew its stake in shares of FIGS by 943.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 261,232 shares of the company's stock valued at $1,748,000 after purchasing an additional 236,195 shares during the last quarter. Western Standard LLC bought a new position in FIGS in the third quarter valued at about $1,863,000. Vanguard Group Inc. boosted its holdings in FIGS by 4.6% in the third quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company's stock valued at $64,286,000 after acquiring an additional 425,189 shares during the last quarter. ProShare Advisors LLC boosted its holdings in FIGS by 24.7% in the third quarter. ProShare Advisors LLC now owns 963,560 shares of the company's stock valued at $6,446,000 after acquiring an additional 190,592 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in FIGS in the third quarter valued at about $702,000. 92.21% of the stock is owned by institutional investors.
FIGS Company Profile
(
Get Free Report)
FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.
Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.
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