Sarah Oughtred Sells 22,690 Shares of FIGS (NYSE:FIGS) Stock

FIGS, Inc. (NYSE:FIGS) CFO Sarah Oughtred sold 22,690 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total transaction of $239,606.40. Following the sale, the chief financial officer directly owned 821,500 shares in the company, valued at $8,675,040. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sarah Oughtred also recently made the following trade(s):

• On Wednesday, January 7th, Sarah Oughtred sold 10,515 shares of FIGS stock. The stock was sold at an average price of $11.50, for a total transaction of $120,922.50.

FIGS Stock Performance

FIGS traded down $0.02 during mid-day trading on Monday, reaching $10.72. The stock had a trading volume of 1,058,586 shares, compared to its average volume of 2,180,712. The firm’s fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $8.93. The stock has a market capitalization of $1.76 billion, a P/E ratio of 107.20 and a beta of 1.29. FIGS, Inc. has a 52 week low of $3.57 and a 52 week high of $12.50.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $151.66 million during the quarter, compared to the consensus estimate of $142.39 million. FIGS had a return on equity of 4.50% and a net margin of 3.03%.The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.01) earnings per share. As a group, analysts expect that FIGS, Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FIGS. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Wolfe Research upgraded shares of FIGS to a “buy” rating in a report on Wednesday, December 10th. Zacks Research raised shares of FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Morgan Stanley upped their target price on shares of FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group increased their price target on FIGS from $5.50 to $7.50 and gave the company a “sell” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.10.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd grew its holdings in shares of FIGS by 943.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 261,232 shares of the company’s stock valued at $1,748,000 after buying an additional 236,195 shares during the period. XTX Topco Ltd acquired a new stake in FIGS during the 2nd quarter worth $671,000. Catalyst Funds Management Pty Ltd bought a new position in FIGS during the second quarter worth about $72,000. Bamco Inc. NY grew its stake in FIGS by 2.2% in the second quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock valued at $338,256,000 after acquiring an additional 1,302,823 shares during the period. Finally, ProShare Advisors LLC increased its holdings in shares of FIGS by 28.6% in the second quarter. ProShare Advisors LLC now owns 772,968 shares of the company’s stock worth $4,360,000 after acquiring an additional 172,027 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

About FIGS

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.