Key Points
- CFO Sarah Oughtred sold 23,597 shares on May 4 at an average price of $14.33 for $338,145, reducing her stake by 2.05% to 1,129,791 shares; the trade was executed under a pre-arranged Rule 10b5-1 plan.
- FIGS beat quarterly expectations with $0.10 EPS (vs. $0.02 est.) and revenue of $201.9M (up 33% year-over-year); the stock trades near $14.50 and carries a consensus analyst rating of Moderate Buy with an average target of $15.93.
FIGS, Inc. (NYSE:FIGS - Get Free Report) CFO Sarah Oughtred sold 23,597 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $14.33, for a total value of $338,145.01. Following the sale, the chief financial officer owned 1,129,791 shares in the company, valued at $16,189,905.03. The trade was a 2.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sarah Oughtred also recently made the following trade(s):
- On Thursday, April 2nd, Sarah Oughtred sold 10,872 shares of FIGS stock. The shares were sold at an average price of $14.44, for a total value of $156,991.68.
- 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.
FIGS Stock Down 0.2%
NYSE FIGS opened at $14.51 on Thursday. The stock's 50-day simple moving average is $14.99 and its two-hundred day simple moving average is $12.05. FIGS, Inc. has a twelve month low of $4.25 and a twelve month high of $17.48. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 76.35 and a beta of 1.12.
FIGS (NYSE:FIGS - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.08. FIGS had a return on equity of 8.41% and a net margin of 5.43%.The firm had revenue of $201.90 million for the quarter, compared to analysts' expectations of $165.33 million. During the same period last year, the firm earned $0.01 earnings per share. The company's revenue for the quarter was up 33.0% compared to the same quarter last year. On average, equities analysts expect that FIGS, Inc. will post 0.24 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on FIGS shares. Morgan Stanley raised their price objective on FIGS from $8.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, April 13th. KeyCorp raised their price objective on FIGS to $19.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. BTIG Research reaffirmed a "buy" rating and set a $20.00 price objective on shares of FIGS in a research note on Friday, April 24th. Wall Street Zen raised FIGS from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 28th. Finally, Barclays raised FIGS from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, FIGS currently has a consensus rating of "Moderate Buy" and an average target price of $15.93.
Read Our Latest Analysis on FIGS
Institutional Trading of FIGS
Large investors have recently modified their holdings of the business. Assetmark Inc. bought a new stake in shares of FIGS in the third quarter worth about $35,000. Elevated Capital Advisors LLC bought a new stake in shares of FIGS in the fourth quarter worth about $45,000. Quarry LP grew its stake in shares of FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company's stock worth $52,000 after purchasing an additional 7,449 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in FIGS during the 2nd quarter valued at approximately $61,000. Finally, Walleye Capital LLC bought a new stake in FIGS during the 2nd quarter valued at approximately $65,000. 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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