FIGS (NYSE:FIGS) CEO Catherine Eva Spear Sells 62,335 Shares

FIGS, Inc. (NYSE:FIGS) CEO Catherine Eva Spear sold 62,335 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $14.44, for a total value of $900,117.40. Following the transaction, the chief executive officer directly owned 1,794,964 shares of the company’s stock, valued at approximately $25,919,280.16. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Catherine Eva Spear also recently made the following trade(s):

• On Tuesday, January 6th, Catherine Eva Spear sold 49,734 shares of FIGS stock. The stock was sold at an average price of $11.38, for a total value of $565,972.92.

FIGS Stock Down 9.2%

NYSE:FIGS opened at $13.31 on Tuesday. FIGS, Inc. has a twelve month low of $3.57 and a twelve month high of $17.48. The business has a 50 day moving average price of $13.24 and a two-hundred day moving average price of $10.90. The company has a market cap of $2.21 billion, a P/E ratio of 70.05 and a beta of 1.20.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. FIGS had a return on equity of 8.41% and a net margin of 5.43%.The company had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $165.33 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business’s revenue was up 33.0% compared to the same quarter last year. As a group, analysts anticipate that FIGS, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FIGS shares. Wolfe Research upgraded FIGS to a “buy” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group upgraded FIGS from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FIGS in a research note on Monday, December 29th. Morgan Stanley upped their price objective on FIGS from $7.50 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Finally, Barclays upgraded FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, FIGS presently has an average rating of “Moderate Buy” and a consensus price target of $13.93.

Institutional Investors Weigh In On FIGS

A number of large investors have recently added to or reduced their stakes in FIGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in FIGS by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock valued at $354,000 after acquiring an additional 3,276 shares during the period. Woodline Partners LP bought a new position in FIGS during the 1st quarter worth $3,199,000. Creative Planning increased its position in FIGS by 181.3% during the 2nd quarter. Creative Planning now owns 65,740 shares of the company’s stock worth $371,000 after buying an additional 42,367 shares during the period. Franklin Resources Inc. increased its position in FIGS by 6.9% during the 2nd quarter. Franklin Resources Inc. now owns 94,643 shares of the company’s stock worth $534,000 after buying an additional 6,133 shares during the period. Finally, Prudential Financial Inc. bought a new position in FIGS during the 2nd quarter worth $70,000. Institutional investors own 92.21% of the company’s stock.

FIGS Company 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.