59,468 Shares in FIGS, Inc. $FIGS Acquired by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of FIGS, Inc. (NYSE:FIGS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 59,468 shares of the company’s stock, valued at approximately $878,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIGS. Marshall Wace LLP lifted its position in shares of FIGS by 66.2% during the 4th quarter. Marshall Wace LLP now owns 4,297,868 shares of the company’s stock valued at $48,824,000 after acquiring an additional 1,712,610 shares during the period. BNP Paribas Financial Markets increased its position in shares of FIGS by 2,139.7% in the second quarter. BNP Paribas Financial Markets now owns 1,307,468 shares of the company’s stock worth $7,374,000 after purchasing an additional 1,249,091 shares during the period. Ameriprise Financial Inc. increased its position in shares of FIGS by 9.0% in the second quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock worth $78,602,000 after purchasing an additional 1,144,962 shares during the period. Squarepoint Ops LLC raised its stake in FIGS by 940.7% in the second quarter. Squarepoint Ops LLC now owns 924,092 shares of the company’s stock valued at $5,212,000 after purchasing an additional 835,300 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in FIGS in the first quarter valued at about $3,199,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of FIGS from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. KeyCorp reissued an “overweight” rating on shares of FIGS in a report on Tuesday, June 23rd. Oppenheimer upgraded shares of FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Friday, March 20th. BTIG Research reaffirmed a “buy” rating and set a $20.00 price target on shares of FIGS in a report on Friday, April 24th. Finally, Weiss Ratings lowered shares of FIGS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.93.

FIGS Stock Performance

FIGS stock opened at $10.28 on Friday. FIGS, Inc. has a 52 week low of $5.84 and a 52 week high of $17.48. The stock has a market capitalization of $1.72 billion, a P/E ratio of 46.75 and a beta of 1.01. The stock has a fifty day moving average of $11.37 and a 200-day moving average of $12.62.

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

Insider Activity

In other news, Chairman Heather L. Hasson sold 32,385 shares of the firm’s 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 $464,077.05. Following the sale, the chairman directly owned 1,433,807 shares in the company, valued at approximately $20,546,454.31. This trade represents a 2.21% 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, 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 transaction of $338,145.01. Following the sale, the chief financial officer directly owned 1,129,791 shares in the company, valued at $16,189,905.03. This trade represents a 2.05% 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 currently owned by insiders.

FIGS Company 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.