475,860 Shares in FIGS, Inc. $FIGS Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new stake in shares of FIGS, Inc. (NYSE:FIGS) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 475,860 shares of the company’s stock, valued at approximately $7,028,000.

Several other hedge funds have also bought and sold shares of FIGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of FIGS by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock valued at $354,000 after purchasing an additional 3,276 shares in the last quarter. Woodline Partners LP bought a new stake in shares of FIGS in the 1st quarter worth approximately $3,199,000. Creative Planning boosted its position in shares of FIGS by 181.3% in the 2nd quarter. Creative Planning now owns 65,740 shares of the company’s stock worth $371,000 after purchasing an additional 42,367 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of FIGS in the 2nd quarter worth approximately $70,000. Finally, Russell Investments Group Ltd. grew its stake in shares of FIGS by 102.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 147,440 shares of the company’s stock worth $832,000 after buying an additional 74,578 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FIGS shares. Morgan Stanley lifted their price objective on FIGS from $8.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, April 13th. Oppenheimer raised FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Friday, March 20th. Zacks Research downgraded FIGS from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings lowered FIGS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, KeyCorp reiterated an “overweight” rating on shares of FIGS in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.93.

Insider Buying and Selling

In other FIGS news, CFO Sarah Oughtred sold 23,597 shares of FIGS stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $14.33, for a total value of $338,145.01. Following the completion of the sale, the chief financial officer owned 1,129,791 shares of the company’s stock, valued at approximately $16,189,905.03. The trade was a 2.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Heather L. Hasson sold 32,385 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $464,077.05. Following the sale, the chairman owned 1,433,807 shares of the company’s stock, valued at approximately $20,546,454.31. This represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.06% of the stock is owned by corporate insiders.

FIGS Stock Performance

FIGS opened at $9.70 on Wednesday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 44.07 and a beta of 1.01. The company’s 50-day simple moving average is $11.59 and its two-hundred day simple moving average is $12.66. FIGS, Inc. has a 52-week low of $5.66 and a 52-week high of $17.48.

FIGS (NYSE:FIGS) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. FIGS had a net margin of 6.10% and a return on equity of 9.69%. The firm had revenue of $159.90 million for the quarter, compared to the consensus estimate of $153.15 million. The business’s revenue was up 28.0% on a year-over-year basis. Research analysts forecast that FIGS, Inc. will post 0.26 EPS for the current fiscal year.

FIGS Profile

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.