FIGS, Inc. $FIGS Shares Bought by UBS Group AG

UBS Group AG boosted its stake in shares of FIGS, Inc. (NYSE:FIGS) by 45.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 277,151 shares of the company’s stock after acquiring an additional 86,268 shares during the period. UBS Group AG’s holdings in FIGS were worth $3,148,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FIGS. Assetmark Inc. acquired a new position in FIGS during the third quarter worth $35,000. Elevated Capital Advisors LLC acquired a new position in FIGS during the fourth quarter worth $45,000. Quarry LP raised its position in FIGS by 1,876.3% during the third quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after acquiring an additional 7,449 shares during the period. Hudson Bay Capital Management LP acquired a new position in FIGS during the second quarter worth $61,000. Finally, Walleye Capital LLC acquired a new position in FIGS during the second quarter worth $65,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

FIGS Trading Up 0.2%

Shares of FIGS opened at $12.57 on Monday. FIGS, Inc. has a 12-month low of $4.25 and a 12-month high of $17.48. The firm has a 50-day moving average price of $14.29 and a 200 day moving average price of $12.41. The firm has a market capitalization of $2.10 billion, a P/E ratio of 57.14 and a beta of 1.12.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. FIGS had a net margin of 6.10% and a return on equity of 9.69%. The firm had revenue of $159.90 million during the quarter, compared to analyst estimates of $153.15 million. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. Equities research analysts predict that FIGS, Inc. will post 0.25 earnings per share for the current fiscal year.

Insider Activity at FIGS

In related news, CFO Sarah Oughtred sold 23,597 shares of the company’s 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 sale, the chief financial officer owned 1,129,791 shares of the company’s stock, valued at approximately $16,189,905.03. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Heather L. Hasson sold 32,385 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $464,077.05. Following the completion of the sale, the chairman directly owned 1,433,807 shares of the company’s stock, valued at $20,546,454.31. This represents a 2.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 685,516 shares of company stock valued at $11,233,441. 29.44% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FIGS shares. BTIG Research restated a “buy” rating and set a $20.00 price objective on shares of FIGS in a research report on Friday, April 24th. Zacks Research cut shares of FIGS from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. 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. KeyCorp increased their target price on shares of FIGS to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group upgraded shares of FIGS from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, FIGS has an average rating of “Moderate Buy” and an average target price of $15.93.

FIGS 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.