FIGS, Inc. (NYSE:FIGS) Stake Raised by Black Creek Investment Management Inc.

Black Creek Investment Management Inc. grew its holdings in FIGS, Inc. (NYSE:FIGS) by 220.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384,115 shares of the company’s stock after purchasing an additional 264,191 shares during the period. FIGS comprises 0.1% of Black Creek Investment Management Inc.’s portfolio, making the stock its 26th largest holding. Black Creek Investment Management Inc. owned about 0.23% of FIGS worth $2,047,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FIGS. Banque Cantonale Vaudoise lifted its position in FIGS by 50.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock worth $30,000 after buying an additional 2,000 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in FIGS by 23.6% during the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after purchasing an additional 3,247 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in FIGS by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock valued at $316,000 after purchasing an additional 4,038 shares in the last quarter. Tandem Capital Management Corp ADV raised its stake in shares of FIGS by 3.3% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 133,330 shares of the company’s stock worth $725,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Evoke Wealth LLC lifted its holdings in shares of FIGS by 77.8% during the 4th quarter. Evoke Wealth LLC now owns 19,191 shares of the company’s stock valued at $133,000 after buying an additional 8,395 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FIGS

In other news, insider Heather L. Hasson sold 40,149 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total transaction of $228,849.30. Following the completion of the transaction, the insider now directly owns 425,710 shares in the company, valued at $2,426,547. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 44,591 shares of company stock valued at $255,460 in the last 90 days. 22.30% of the stock is currently owned by insiders.

FIGS Trading Up 6.0 %

NYSE FIGS opened at $5.50 on Monday. FIGS, Inc. has a 1 year low of $4.30 and a 1 year high of $7.98. The company has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $5.37. The company has a market cap of $936.25 million, a P/E ratio of 50.00, a P/E/G ratio of 71.07 and a beta of 1.42.

FIGS (NYSE:FIGS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter. The company 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 quarterly 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. Equities research analysts forecast that FIGS, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 target price on shares of FIGS in a research report on Monday, August 5th. The Goldman Sachs Group raised their target price on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, FIGS currently has an average rating of “Hold” and an average price target of $5.40.

About FIGS

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.