Cookson Peirce & Co. Inc. Invests $1.23 Million in FIGS, Inc. $FIGS

Cookson Peirce & Co. Inc. bought a new position in shares of FIGS, Inc. (NYSE:FIGS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 108,620 shares of the company’s stock, valued at approximately $1,234,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC bought a new stake in shares of FIGS during the fourth quarter worth $5,717,000. Vanguard Group Inc. increased its stake in shares of FIGS by 4.6% during the third quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock valued at $64,286,000 after buying an additional 425,189 shares during the period. Western Standard LLC purchased a new position in shares of FIGS during the third quarter valued at $1,863,000. UBS Group AG increased its stake in shares of FIGS by 45.2% during the fourth quarter. UBS Group AG now owns 277,151 shares of the company’s stock valued at $3,148,000 after buying an additional 86,268 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of FIGS by 24.7% during the third quarter. ProShare Advisors LLC now owns 963,560 shares of the company’s stock valued at $6,446,000 after buying an additional 190,592 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FIGS

In other FIGS news, CEO Catherine Eva Spear sold 62,335 shares of FIGS stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $14.44, for a total value of $900,117.40. Following the transaction, the chief executive officer owned 1,794,964 shares in the company, valued at $25,919,280.16. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 dated 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 transaction, the chief financial officer owned 1,129,791 shares in the company, valued at $16,189,905.03. This trade represents a 2.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 129,189 shares of company stock worth $1,859,331 over the last quarter. Insiders own 27.06% of the company’s stock.

FIGS Price Performance

FIGS opened at $11.86 on Monday. The business’s 50-day moving average is $13.74 and its two-hundred day moving average is $12.64. FIGS, Inc. has a 1 year low of $4.98 and a 1 year high of $17.48. The firm has a market capitalization of $1.98 billion, a PE ratio of 53.89 and a beta of 1.04.

FIGS (NYSE:FIGS) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. FIGS had a return on equity of 9.69% and a net margin of 6.10%.The company had revenue of $159.90 million for the quarter, compared to analyst estimates of $153.15 million. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, sell-side analysts expect that FIGS, Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FIGS shares. The Goldman Sachs Group upgraded FIGS from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Telsey Advisory Group raised their price target on FIGS to $17.00 and gave the company a “market perform” rating in a research note on Thursday, March 12th. Barclays upgraded FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Oppenheimer upgraded FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Friday, March 20th. Finally, Zacks Research lowered FIGS from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.93.

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.