SG Americas Securities LLC increased its holdings in FIGS, Inc. (NYSE:FIGS – Get Rating) by 219.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,460 shares of the company’s stock after purchasing an additional 16,806 shares during the quarter. SG Americas Securities LLC’s holdings in FIGS were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in FIGS. FourThought Financial LLC raised its position in FIGS by 52.3% in the 1st quarter. FourThought Financial LLC now owns 2,861 shares of the company’s stock worth $62,000 after purchasing an additional 982 shares during the period. Gladius Capital Management LP raised its position in FIGS by 22.2% in the 1st quarter. Gladius Capital Management LP now owns 3,709 shares of the company’s stock worth $80,000 after purchasing an additional 674 shares during the period. Mystic Asset Management Inc. purchased a new position in FIGS in the 4th quarter worth $110,000. Retirement Planning Co of New England Inc. purchased a new position in FIGS in the 4th quarter worth $117,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of FIGS in the fourth quarter valued at about $131,000. Hedge funds and other institutional investors own 70.56% of the company’s stock.
Analysts Set New Price Targets
FIGS has been the topic of a number of analyst reports. Bank of America cut shares of FIGS from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $12.00 in a research report on Monday, May 16th. KeyCorp initiated coverage on shares of FIGS in a research report on Thursday, July 21st. They issued a “sector weight” rating on the stock. Oppenheimer decreased their price objective on shares of FIGS from $45.00 to $22.00 and set a “na” rating on the stock in a research report on Monday, May 16th. Raymond James initiated coverage on shares of FIGS in a research report on Thursday, June 30th. They issued a “strong-buy” rating and a $15.00 price objective on the stock. Finally, Credit Suisse Group decreased their price objective on shares of FIGS from $26.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.54.
FIGS Price Performance
FIGS (NYSE:FIGS – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). FIGS had a negative return on equity of 1.96% and a negative net margin of 2.73%. The business had revenue of $110.10 million for the quarter, compared to the consensus estimate of $117.33 million. During the same period in the previous year, the firm earned $0.07 EPS. The company’s revenue was up 26.4% on a year-over-year basis. On average, equities research analysts expect that FIGS, Inc. will post 0.15 earnings per share for the current fiscal year.
FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets.
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