Rice Hall James & Associates LLC Has $5.86 Million Stock Position in FIGS, Inc. $FIGS

Rice Hall James & Associates LLC reduced its holdings in FIGS, Inc. (NYSE:FIGS) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 516,016 shares of the company’s stock after selling 101,204 shares during the period. Rice Hall James & Associates LLC’s holdings in FIGS were worth $5,862,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new stake in shares of FIGS in the fourth quarter valued at approximately $45,000. Assetmark Inc. bought a new stake in shares of FIGS in the third quarter valued at about $35,000. Quarry LP grew its position in FIGS by 1,876.3% during the third quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after buying an additional 7,449 shares in the last quarter. May Hill Capital LLC bought a new position in FIGS during the fourth quarter valued at about $117,000. Finally, Aigen Investment Management LP bought a new position in FIGS during the fourth quarter valued at about $118,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FIGS

In other news, Chairman Heather L. Hasson sold 32,385 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $14.33, for a total transaction of $464,077.05. Following the sale, the chairman owned 1,433,807 shares in the company, valued at approximately $20,546,454.31. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Catherine Eva Spear sold 62,335 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 value of $900,117.40. Following the completion of the sale, the chief executive officer 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 129,189 shares of company stock valued at $1,859,331 in the last three months. Corporate insiders own 27.06% of the company’s stock.

FIGS Trading Up 4.5%

Shares of FIGS stock opened at $12.50 on Tuesday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 56.82 and a beta of 1.04. The firm’s 50-day moving average price is $13.38 and its two-hundred day moving average price is $12.74. FIGS, Inc. has a 1-year low of $5.08 and a 1-year high of $17.48.

FIGS (NYSE:FIGS) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $159.90 million during the quarter, compared to analysts’ expectations of $153.15 million. FIGS had a net margin of 6.10% and a return on equity of 9.69%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, equities research analysts predict that FIGS, Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. KeyCorp raised their target price on FIGS to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Telsey Advisory Group boosted their price target on shares of FIGS to $17.00 and gave the company a “market perform” rating in a report on Thursday, March 12th. Wall Street Zen upgraded shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. BTIG Research reaffirmed a “buy” rating and set a $20.00 price objective on shares of FIGS in a report on Friday, April 24th. Finally, The Goldman Sachs Group upgraded shares of FIGS from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, FIGS currently has an average rating of “Moderate Buy” and a consensus target price of $15.93.

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.