FIGS (NYSE:FIGS) PT Lowered to $4.25 at The Goldman Sachs Group

FIGS (NYSE:FIGS) had its price target cut by The Goldman Sachs Group from $4.85 to $4.25 in a report issued on Tuesday, Benzinga reports. They currently have a sell rating on the stock.

FIGS has been the topic of several other research reports. Oppenheimer downgraded shares of FIGS from an outperform rating to a market perform rating in a research note on Friday, March 8th. Bank of America reiterated an underperform rating and issued a $4.50 target price (down previously from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. Telsey Advisory Group downgraded shares of FIGS from an outperform rating to a market perform rating and lowered their price objective for the company from $11.00 to $6.00 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 on the stock in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $5.75.

FIGS Price Performance

NYSE:FIGS opened at $4.82 on Tuesday. FIGS has a one year low of $4.37 and a one year high of $8.84. The company’s 50-day simple moving average is $5.20 and its 200 day simple moving average is $6.03. The firm has a market capitalization of $818.12 million, a P/E ratio of 43.78, a PEG ratio of 15.47 and a beta of 1.48.

FIGS (NYSE:FIGS) last posted its quarterly earnings data 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 business had revenue of $144.90 million for the quarter, compared to analyst estimates of $149.09 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. FIGS’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts expect that FIGS will post 0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 27,547 shares of the company’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 sale, the insider now directly owns 499,308 shares of the company’s stock, valued at $2,960,896.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other FIGS news, CFO Daniella Turenshine sold 4,201 shares of the company’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 completion of the sale, the chief financial officer now directly owns 425,620 shares of the company’s stock, valued at $2,553,720. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Heather L. Hasson sold 27,547 shares of the company’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 sale, the insider now directly owns 499,308 shares of the company’s stock, valued at $2,960,896.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,334 shares of company stock valued at $285,986. Insiders own 21.40% of the company’s stock.

Institutional Trading of FIGS

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hedges Asset Management LLC purchased a new stake in shares of FIGS in the first quarter worth $359,000. Sanders Morris Harris LLC purchased a new stake in shares of FIGS in the first quarter worth $674,000. Banque Cantonale Vaudoise increased its stake in shares of FIGS by 50.0% in the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock worth $30,000 after purchasing an additional 2,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of FIGS by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,390,645 shares of the company’s stock worth $86,115,000 after purchasing an additional 112,575 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of FIGS by 321.5% in the fourth quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock worth $21,377,000 after purchasing an additional 2,345,994 shares in the last quarter. 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.