Black Creek Investment Management Inc. Has $8 Million Stock Holdings in FIGS, Inc. $FIGS

Black Creek Investment Management Inc. grew its position in shares of FIGS, Inc. (NYSE:FIGS) by 18.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,418,691 shares of the company’s stock after acquiring an additional 225,696 shares during the quarter. FIGS accounts for 0.4% of Black Creek Investment Management Inc.’s holdings, making the stock its 20th biggest position. Black Creek Investment Management Inc. owned approximately 0.87% of FIGS worth $8,001,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FIGS. Creative Planning lifted its position in shares of FIGS by 181.3% in the second quarter. Creative Planning now owns 65,740 shares of the company’s stock worth $371,000 after purchasing an additional 42,367 shares in the last quarter. Capstone Financial Advisors Inc. acquired a new stake in FIGS in the 2nd quarter valued at $56,000. ProShare Advisors LLC lifted its position in FIGS by 28.6% during the 2nd quarter. ProShare Advisors LLC now owns 772,968 shares of the company’s stock worth $4,360,000 after buying an additional 172,027 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in FIGS during the 2nd quarter worth about $92,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of FIGS during the 2nd quarter worth about $100,000. 92.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FIGS has been the topic of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 target price (up previously from $7.00) on shares of FIGS in a report on Monday, November 3rd. Wall Street Zen upgraded FIGS from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 12th. The Goldman Sachs Group increased their price objective on FIGS from $5.00 to $5.50 and gave the company a “sell” rating in a report on Friday, November 7th. Cowen restated a “hold” rating on shares of FIGS in a report on Friday, August 8th. Finally, Zacks Research raised shares of FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.10.

Insider Buying and Selling

In other news, insider Heather L. Hasson sold 23,356 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total transaction of $172,600.84. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sarah Oughtred sold 22,745 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total transaction of $168,085.55. Following the sale, the chief financial officer directly owned 845,345 shares of the company’s stock, valued at $6,247,099.55. This represents a 2.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 118,282 shares of company stock valued at $842,076 over the last 90 days. 29.44% of the stock is owned by corporate insiders.

FIGS Price Performance

FIGS stock opened at $9.17 on Tuesday. FIGS, Inc. has a one year low of $3.57 and a one year high of $10.24. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 91.65 and a beta of 1.34. The company has a fifty day moving average price of $7.60 and a two-hundred day moving average price of $6.41.

FIGS (NYSE:FIGS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $151.66 million during the quarter, compared to analysts’ expectations of $142.39 million. FIGS had a return on equity of 4.50% and a net margin of 3.03%.The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.01) earnings per share. FIGS has set its FY 2025 guidance at EPS. Research analysts anticipate that FIGS, Inc. will post 0.01 EPS for the current fiscal year.

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.