Russell Investments Group Ltd. Buys Shares of 72,862 FIGS, Inc. $FIGS

Russell Investments Group Ltd. bought a new stake in FIGS, Inc. (NYSE:FIGS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 72,862 shares of the company’s stock, valued at approximately $334,000.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of FIGS by 37.9% in the fourth quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company’s stock worth $75,445,000 after buying an additional 3,352,846 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of FIGS by 23.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company’s stock worth $26,931,000 after buying an additional 827,149 shares during the period. Security Benefit Life Insurance Co. KS bought a new position in shares of FIGS in the first quarter worth about $6,962,000. Northern Trust Corp raised its stake in shares of FIGS by 5.8% in the fourth quarter. Northern Trust Corp now owns 1,273,290 shares of the company’s stock worth $7,882,000 after buying an additional 69,522 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of FIGS by 11.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,043,970 shares of the company’s stock worth $4,792,000 after buying an additional 108,788 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

FIGS has been the topic of several recent research reports. Morgan Stanley raised their price objective on FIGS from $4.25 to $5.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 price objective (up previously from $5.00) on shares of FIGS in a research note on Monday, August 4th. Wall Street Zen raised FIGS from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Cowen reaffirmed a “hold” rating on shares of FIGS in a research note on Friday, August 8th. Finally, Barclays reiterated a “positive” rating on shares of FIGS in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, FIGS currently has an average rating of “Hold” and a consensus price target of $5.38.

FIGS Trading Down 1.7%

NYSE:FIGS opened at $7.04 on Tuesday. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.31. The stock has a 50-day moving average price of $6.37 and a 200 day moving average price of $5.24. The stock has a market capitalization of $1.15 billion, a P/E ratio of 175.92, a P/E/G ratio of 4.52 and a beta of 1.34.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $152.64 million during the quarter, compared to analysts’ expectations of $144.17 million. FIGS had a return on equity of 1.84% and a net margin of 1.26%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.01 earnings per share. On average, research analysts predict that FIGS, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Activity at FIGS

In other FIGS news, CEO Catherine Eva Spear sold 65,866 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $6.88, for a total transaction of $453,158.08. Following the completion of the transaction, the chief executive officer owned 1,969,246 shares in the company, valued at $13,548,412.48. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sarah Oughtred sold 99,834 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $6.19, for a total value of $617,972.46. Following the transaction, the chief financial officer owned 878,058 shares of the company’s stock, valued at $5,435,179.02. This represents a 10.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 29.44% of the company’s stock.

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.