FIGS, Inc. $FIGS Stock Holdings Trimmed by Security Benefit Life Insurance Co. KS

Security Benefit Life Insurance Co. KS cut its holdings in FIGS, Inc. (NYSE:FIGS) by 62.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 565,560 shares of the company’s stock after selling 951,243 shares during the quarter. FIGS makes up about 1.5% of Security Benefit Life Insurance Co. KS’s holdings, making the stock its 10th biggest holding. Security Benefit Life Insurance Co. KS owned 0.35% of FIGS worth $3,190,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of FIGS by 12,795.0% during the second quarter. Farther Finance Advisors LLC now owns 5,158 shares of the company’s stock valued at $29,000 after purchasing an additional 5,118 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in FIGS during the first quarter valued at $66,000. US Bancorp DE purchased a new position in FIGS during the first quarter valued at $70,000. Janney Montgomery Scott LLC bought a new stake in FIGS in the second quarter worth $79,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of FIGS in the second quarter worth $92,000. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FIGS shares. Wall Street Zen raised FIGS from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Morgan Stanley lifted their target price on shares of FIGS from $4.25 to $5.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. BTIG Research upped their target price on shares of FIGS from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group raised their price target on shares of FIGS from $5.00 to $5.50 and gave the company a “sell” rating in a research report on Friday. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $9.00 price objective (up from $7.00) on shares of FIGS in a report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, FIGS currently has an average rating of “Hold” and an average target price of $6.90.

Insider Buying and Selling at FIGS

In other news, CFO Sarah Oughtred sold 22,745 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total transaction of $168,085.55. Following the transaction, the chief financial officer directly owned 845,345 shares of the company’s stock, valued at $6,247,099.55. This represents a 2.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Catherine Eva Spear sold 62,213 shares of FIGS stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $6.88, for a total value of $428,025.44. Following the completion of the sale, the chief executive officer directly owned 1,907,033 shares of the company’s stock, valued at $13,120,387.04. The trade was a 3.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 184,148 shares of company stock worth $1,295,234. Insiders own 29.44% of the company’s stock.

FIGS Stock Up 13.9%

Shares of NYSE FIGS opened at $8.57 on Friday. The firm’s 50-day moving average price is $7.29 and its 200-day moving average price is $6.17. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $8.90. The company has a market cap of $1.40 billion, a PE ratio of 85.69, a PEG ratio of 5.48 and a beta of 1.34.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. FIGS had a net margin of 3.03% and a return on equity of 4.58%. The firm had revenue of $151.66 million during the quarter, compared to analysts’ expectations of $142.39 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. FIGS has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that FIGS, Inc. will post 0.01 EPS for the current fiscal year.

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.