Raymond James Financial Services Advisors Inc. Acquires 41,770 Shares of FIGS, Inc. (NYSE:FIGS)

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 140.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 71,530 shares of the company’s stock after acquiring an additional 41,770 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in FIGS were worth $497,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIGS. Raymond James & Associates lifted its holdings in FIGS by 12.8% during the 1st quarter. Raymond James & Associates now owns 9,970 shares of the company’s stock valued at $215,000 after purchasing an additional 1,129 shares during the last quarter. Legal & General Group Plc lifted its holdings in FIGS by 1.6% during the 4th quarter. Legal & General Group Plc now owns 94,309 shares of the company’s stock valued at $635,000 after purchasing an additional 1,460 shares during the last quarter. UBS Group AG lifted its holdings in FIGS by 8.6% during the 1st quarter. UBS Group AG now owns 22,506 shares of the company’s stock valued at $484,000 after purchasing an additional 1,782 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in FIGS by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 248,047 shares of the company’s stock valued at $5,338,000 after purchasing an additional 2,126 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in FIGS by 86.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,614 shares of the company’s stock valued at $27,000 after purchasing an additional 2,144 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Telsey Advisory Group downgraded shares of FIGS from an “outperform” rating to a “market perform” rating and cut their price target for the company from $11.00 to $6.00 in a report on Thursday, February 29th. Bank of America reissued an “underperform” rating and set a $4.50 price target (down from $8.50) on shares of FIGS in a report on Tuesday, April 2nd. Oppenheimer cut shares of FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. The Goldman Sachs Group lowered their price objective on shares of FIGS from $6.75 to $4.85 and set a “sell” rating for the company in a research report on Thursday, February 29th. Finally, Barclays lowered their price objective on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, FIGS presently has a consensus rating of “Hold” and an average target price of $5.87.

FIGS Trading Up 1.6 %

FIGS opened at $4.80 on Friday. The stock has a market capitalization of $814.72 million, a PE ratio of 43.59, a PEG ratio of 15.21 and a beta of 1.48. FIGS, Inc. has a 1-year low of $4.37 and a 1-year high of $8.84. The firm has a 50-day moving average price of $5.32 and a two-hundred day moving average price of $6.07.

FIGS (NYSE:FIGS) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. FIGS had a net margin of 4.15% and a return on equity of 6.72%. The company had revenue of $144.90 million during the quarter, compared to analysts’ expectations of $149.09 million. During the same quarter in the previous year, the company earned $0.05 EPS. FIGS’s revenue was up .0% on a year-over-year basis. On average, research analysts predict that FIGS, Inc. will post 0.06 EPS for the current year.

Insider Transactions at FIGS

In other news, CFO Daniella Turenshine sold 4,201 shares of FIGS stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $6.00, for a total transaction of $25,206.00. Following the completion of the sale, the chief financial officer now owns 425,620 shares in the company, valued at approximately $2,553,720. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Heather L. Hasson sold 27,547 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $5.93, for a total transaction of $163,353.71. Following the completion of the transaction, the insider now owns 499,308 shares in the company, valued at $2,960,896.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniella Turenshine sold 4,201 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $6.00, for a total transaction of $25,206.00. Following the transaction, the chief financial officer now owns 425,620 shares of the company’s stock, valued at approximately $2,553,720. The disclosure for this sale can be found here. Insiders sold a total of 49,334 shares of company stock worth $285,986 in the last quarter. 21.40% of the stock is owned by company insiders.

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.