FIGS (NYSE:FIGS) CFO Sarah Oughtred Sells 10,872 Shares of Stock

FIGS, Inc. (NYSE:FIGS) CFO Sarah Oughtred sold 10,872 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $14.44, for a total transaction of $156,991.68. Following the transaction, the chief financial officer owned 1,153,388 shares in the company, valued at $16,654,922.72. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sarah Oughtred also recently made the following trade(s):

• On Thursday, February 5th, Sarah Oughtred sold 22,690 shares of FIGS stock. The shares were sold at an average price of $10.56, for a total value of $239,606.40.
• On Wednesday, January 7th, Sarah Oughtred sold 10,515 shares of FIGS stock. The shares were sold at an average price of $11.50, for a total value of $120,922.50.

FIGS Stock Performance

Shares of FIGS stock opened at $13.31 on Tuesday. The stock’s 50 day simple moving average is $13.24 and its 200 day simple moving average is $10.90. FIGS, Inc. has a twelve month low of $3.57 and a twelve month high of $17.48. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 70.05 and a beta of 1.20.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, February 26th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.02 by $0.08. The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $165.33 million. FIGS had a net margin of 5.43% and a return on equity of 8.41%. The business’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. On average, analysts forecast that FIGS, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Trading of FIGS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elevated Capital Advisors LLC bought a new stake in FIGS in the fourth quarter valued at about $45,000. Assetmark Inc. bought a new stake in FIGS in the third quarter valued at about $35,000. Kemnay Advisory Services Inc. bought a new stake in FIGS in the fourth quarter valued at $69,000. Quarry LP grew its position in FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock valued at $52,000 after acquiring an additional 7,449 shares during the period. Finally, May Hill Capital LLC bought a new stake in FIGS in the fourth quarter valued at $117,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Oppenheimer raised FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Friday, March 20th. Telsey Advisory Group lifted their price target on FIGS to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, March 12th. The Goldman Sachs Group raised FIGS from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Wolfe Research upgraded shares of FIGS to a “buy” rating in a report on Wednesday, December 10th. Finally, BTIG Research restated a “buy” rating and set a $15.00 price objective on shares of FIGS in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.93.

About FIGS

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.