FIGS (NYSE:FIGS) CFO Sarah Oughtred Sells 22,745 Shares

FIGS, Inc. (NYSE:FIGS) CFO Sarah Oughtred sold 22,745 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total value of $168,085.55. Following the completion of the transaction, the chief financial officer directly owned 845,345 shares in the company, valued at approximately $6,247,099.55. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Sarah Oughtred also recently made the following trade(s):

• On Friday, October 3rd, Sarah Oughtred sold 9,968 shares of FIGS stock. The shares were sold at an average price of $7.36, for a total value of $73,364.48.

FIGS Stock Performance

Shares of NYSE FIGS traded down $0.06 during trading on Thursday, hitting $7.52. The company had a trading volume of 3,817,928 shares, compared to its average volume of 2,004,924. FIGS, Inc. has a 12 month low of $3.57 and a 12 month high of $8.49. The firm has a market capitalization of $1.23 billion, a P/E ratio of 188.05, a price-to-earnings-growth ratio of 4.73 and a beta of 1.34. The stock has a 50 day simple moving average of $7.26 and a 200 day simple moving average of $6.11.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. FIGS had a return on equity of 1.84% and a net margin of 1.26%.The company had revenue of $151.66 million during the quarter, compared to the consensus estimate of $142.39 million. FIGS has set its FY 2025 guidance at EPS. As a group, analysts predict that FIGS, Inc. will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on FIGS shares. The Goldman Sachs Group raised their price objective on shares of FIGS from $3.75 to $4.50 and gave the company a “sell” rating in a research report on Tuesday, July 22nd. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price target on shares of FIGS in a report on Monday. Cowen reaffirmed a “hold” rating on shares of FIGS in a research note on Friday, August 8th. BTIG Research assumed coverage on FIGS in a research report on Tuesday, October 14th. They set a “buy” rating and a $9.00 target price for the company. Finally, Morgan Stanley boosted their price target on FIGS from $4.25 to $5.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Two investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.10.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIGS. Bamco Inc. NY lifted its position in shares of FIGS by 2.2% in the second quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock worth $338,256,000 after buying an additional 1,302,823 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in FIGS by 9.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock valued at $78,602,000 after buying an additional 1,144,962 shares in the last quarter. Security Benefit Life Insurance Co. KS bought a new stake in FIGS in the 1st quarter worth approximately $6,962,000. Black Creek Investment Management Inc. raised its holdings in shares of FIGS by 18.9% during the 2nd quarter. Black Creek Investment Management Inc. now owns 1,418,691 shares of the company’s stock worth $8,001,000 after acquiring an additional 225,696 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of FIGS by 2,139.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,307,468 shares of the company’s stock worth $7,374,000 after acquiring an additional 1,249,091 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Company Profile

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.