Raymond James Financial Services Advisors Inc. Buys 41,770 Shares of FIGS, Inc. (NYSE:FIGS)

Raymond James Financial Services Advisors Inc. raised its stake in FIGS, Inc. (NYSE:FIGS) by 140.4% in the fourth quarter, Holdings Channel reports. The fund owned 71,530 shares of the company’s stock after purchasing an additional 41,770 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in FIGS were worth $497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. MetLife Investment Management LLC bought a new position in FIGS in the 1st quarter valued at approximately $51,000. Tower Research Capital LLC TRC increased its position in FIGS by 86.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,614 shares of the company’s stock valued at $27,000 after purchasing an additional 2,144 shares during the period. Canada Pension Plan Investment Board acquired a new stake in FIGS during the 1st quarter valued at approximately $101,000. Rockefeller Capital Management L.P. acquired a new stake in FIGS during the 4th quarter valued at approximately $33,000. Finally, Ensign Peak Advisors Inc acquired a new stake in FIGS during the 1st quarter valued at approximately $143,000. Institutional investors own 92.21% of the company’s stock.

FIGS Stock Up 1.6 %

Shares of FIGS opened at $4.80 on Friday. FIGS, Inc. has a 12-month low of $4.37 and a 12-month high of $8.84. The business’s fifty day moving average is $5.32 and its 200 day moving average is $6.07. The stock has a market cap of $814.72 million, a P/E ratio of 43.59, a P/E/G ratio of 15.21 and a beta of 1.48.

FIGS (NYSE:FIGS) last issued its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The company had revenue of $144.90 million for the quarter, compared to analysts’ expectations of $149.09 million. During the same period last year, the business earned $0.05 EPS. FIGS’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts expect that FIGS, Inc. will post 0.06 EPS for the current year.

Insider Buying and Selling

In related news, CFO Daniella Turenshine sold 15,762 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total value of $87,321.48. Following the transaction, the chief financial officer now directly owns 409,858 shares in the company, valued at approximately $2,270,613.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other FIGS news, insider Heather L. Hasson sold 27,547 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $5.93, for a total transaction of $163,353.71. Following the transaction, the insider now directly owns 499,308 shares in the company, valued at approximately $2,960,896.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniella Turenshine sold 15,762 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total value of $87,321.48. Following the transaction, the chief financial officer now owns 409,858 shares in the company, valued at $2,270,613.32. The disclosure for this sale can be found here. Insiders have sold a total of 49,334 shares of company stock worth $285,986 in the last ninety days. Corporate insiders own 21.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FIGS shares. Bank of America reissued an “underperform” rating and set a $4.50 target price (down previously from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. Telsey Advisory Group downgraded shares of FIGS from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $11.00 to $6.00 in a research report on Thursday, February 29th. Oppenheimer downgraded shares of FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. The Goldman Sachs Group reduced their price objective on shares of FIGS from $6.75 to $4.85 and set a “sell” rating for the company in a research report on Thursday, February 29th. Finally, Barclays reduced their price objective on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, FIGS currently has an average rating of “Hold” and a consensus target price of $5.87.

FIGS 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.