FIGS, Inc. (NYSE:FIGS) Given the brokerage’s “Reduce” rating

FIGS, Inc. (NYSE:FIGS – Get Free Report ) has earned a consensus recommendation of “Reduce” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.40.

A number of analysts recently commented on the company. Goldman Sachs Group raised their price objective on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research report on Friday, August 9th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 target price on shares of FIGS in a research note on Monday, August 5th.

See our latest research report on fig

Insider buying and selling

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total value of $228,849.30. Following the sale, the insider now directly owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. The sale was disclosed in a filing with the SEC, which can be accessed via this link. Over the last ninety days, insiders have sold 41,608 shares of company stock worth $236,995. 22.30% of shares are owned by company insiders.

Hedge funds weigh on fig

A number of large investors have recently bought and sold shares of Fig. Wellington Management Group LLP boosted its stake in shares of FIGS by 321.5% in the 4th quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock valued at $21,377,000 after purchasing an additional 2,345,994 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in FIGS in the fourth quarter valued at about $12,152,000. Squarepoint Ops LLC increased its position in FIGS by 318.1% in the second quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock valued at $8,081,000 after purchasing an additional 1,153,481 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in FIGS in the second quarter valued at approximately $3,856,000. Finally, Bamco Inc. NY grew its holdings in FIGS by 2.0% in the first quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock worth $128,145,000 after purchasing an additional 516,496 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s shares.

FIGURES Price performance

Shares of FIGS stock opened at $5.77 on Friday. The company’s 50-day simple moving average is $5.82 and its 200-day simple moving average is $5.40. FIGS has a 12-month low of $4.30 and a 12-month high of $7.98. The firm has a market cap of $982.22 million, a PE ratio of 52.45, a P/E/G ratio of 82.27 and a beta of 1.42.

FIGS (NYSE:FIGS – Get Free Report ) last announced its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter. The firm had revenue of $144.23 million for the quarter, compared to analysts’ expectations of $142.25 million. FIGS had a return on equity of 4.94% and a net margin of 3.39%. FIGS’s quarterly revenue was up 4.4% on a year-over-year basis. In the same quarter last year, the firm earned $0.02 EPS. As a group, sell-side analysts anticipate that FIGS will post 0.03 earnings per share for the current year.

Company Profile FIGS

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FIGS, Inc operates as a direct-to-consumer apparel and lifestyle company in the United States and internationally. Designs and sells healthcare and non-scrub apparel, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear and other apparel.

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