Fox Run Management L.L.C. Takes $100,000 Position in FIGS, Inc. $FIGS

Fox Run Management L.L.C. acquired a new position in shares of FIGS, Inc. (NYSE:FIGS) in the 2nd quarter, HoldingsChannel reports. The fund acquired 17,655 shares of the company’s stock, valued at approximately $100,000.

Several other institutional investors have also recently bought and sold shares of FIGS. Farther Finance Advisors LLC lifted its position in FIGS by 12,795.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,158 shares of the company’s stock worth $29,000 after acquiring an additional 5,118 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of FIGS in the first quarter worth about $66,000. US Bancorp DE acquired a new position in shares of FIGS during the 1st quarter worth about $70,000. Janney Montgomery Scott LLC bought a new stake in FIGS during the 2nd quarter valued at approximately $79,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in FIGS during the 2nd quarter valued at approximately $141,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price target (up from $7.00) on shares of FIGS in a report on Monday, November 3rd. Barclays upped their target price on shares of FIGS from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Cowen restated a “hold” rating on shares of FIGS in a research report on Friday, August 8th. Wall Street Zen upgraded shares of FIGS from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. Finally, Morgan Stanley increased their target price on shares of FIGS from $4.25 to $5.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, FIGS currently has a consensus rating of “Hold” and an average price target of $8.10.

Insider Activity

In other news, insider Heather L. Hasson sold 23,356 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total value of $172,600.84. Following the completion of the transaction, the insider directly owned 1,274,841 shares of the company’s stock, valued at approximately $9,421,074.99. This represents a 1.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Catherine Eva Spear sold 62,213 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 1,907,033 shares of the company’s stock, valued at $13,120,387.04. This trade represents a 3.16% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 118,282 shares of company stock worth $842,076. Company insiders own 29.44% of the company’s stock.

FIGS Price Performance

Shares of FIGS stock opened at $9.25 on Friday. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $10.24. The firm has a market capitalization of $1.52 billion, a PE ratio of 92.47, a price-to-earnings-growth ratio of 3.81 and a beta of 1.34. The company’s fifty day moving average price is $7.55 and its two-hundred day moving average price is $6.34.

FIGS (NYSE:FIGS) last issued its earnings results 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. The business had revenue of $151.66 million for the quarter, compared to analyst estimates of $142.39 million. FIGS had a net margin of 3.03% and a return on equity of 4.50%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) EPS. FIGS has set its FY 2025 guidance at EPS. Analysts predict that FIGS, Inc. will post 0.01 earnings per share 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.