State Board of Administration of Florida Retirement System Makes New $188,000 Investment in FIGS, Inc. (NYSE:FIGS)

State Board of Administration of Florida Retirement System acquired a new position in shares of FIGS, Inc. (NYSE:FIGS – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,910 shares of the company’s stock, valued at approximately $188,000.

A number of other large investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new position in FIGS in the fourth quarter worth about $127,000. SG Americas Securities LLC increased its holdings in shares of FIGS by 57.3% during the fourth quarter. SG Americas Securities LLC now owns 135,194 shares of the company’s stock valued at $910,000 after acquiring an additional 49,241 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of FIGS by 37.5% during the fourth quarter. ProShare Advisors LLC now owns 699,978 shares of the company’s stock valued at $4,711,000 after acquiring an additional 190,748 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of FIGS by 5.6% during the fourth quarter. Bank of Montreal Can now owns 135,433 shares of the company’s stock valued at $913,000 after acquiring an additional 7,208 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of FIGS by 18.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,856 shares of the company’s stock valued at $73,000 after acquiring an additional 1,694 shares in the last quarter.

Insiders Place Their Bets

In other FIGS news, CEO Catherine Eva Spear bought 750,000 shares of FIGS stock in a transaction dated Tuesday, March 7th. The stock was acquired at an average cost of $6.32 per share, with a total value of $4,740,000.00. Following the purchase, the chief executive officer now directly owns 757,073 shares in the company, valued at approximately $4,784,701.36. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other FIGS news, CEO Catherine Eva Spear bought 750,000 shares of FIGS stock in a transaction dated Tuesday, March 7th. The stock was acquired at an average cost of $6.32 per share, with a total value of $4,740,000.00. Following the purchase, the chief executive officer now directly owns 757,073 shares in the company, valued at approximately $4,784,701.36. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Heather L. Hasson sold 34,448 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $7.83, for a total value of $269,727.84. Following the transaction, the insider now directly owns 1,503,177 shares of the company’s stock, valued at $11,769,875.91. The disclosure for this sale can be found here. Insiders own 21.58% of the company’s stock.

FIGS Trading Up 1.6 %

FIGS stock opened at $8.21 on Tuesday. FIGS, Inc. has a 12 month low of $5.55 and a 12 month high of $13.75. The stock’s 50 day simple moving average is $6.81 and its two-hundred day simple moving average is $7.32. The firm has a market cap of $1.37 billion, a PE ratio of 102.64, a P/E/G ratio of 13.29 and a beta of 1.49.

FIGS (NYSE:FIGS – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. FIGS had a return on equity of 7.06% and a net margin of 2.75%. The business had revenue of $120.23 million for the quarter, compared to analyst estimates of $112.65 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that FIGS, Inc. will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FIGS. The Goldman Sachs Group upped their price objective on shares of FIGS from $5.50 to $6.25 and gave the company a “sell” rating in a report on Wednesday, March 1st. Barclays downgraded shares of FIGS from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 2nd. Cowen upped their target price on FIGS from $6.00 to $11.00 and gave the company a “market perform” rating in a research report on Tuesday, January 31st. Telsey Advisory Group dropped their target price on FIGS from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 1st. Finally, Credit Suisse Group dropped their target price on FIGS from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.94.

FIGS Company Profile

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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.