FIGS (NYSE:FIGS) Chairman Sells $464,077.05 in Stock

Key Points

• Chairman Heather Hasson sold 32,385 shares on May 4 at an average of $14.33 for $464,077.05 under a pre‑arranged Rule 10b5‑1 plan, reducing her stake by 2.21% to 1,433,807 shares.
• FIGS beat expectations for the quarter, reporting $0.10 EPS versus a $0.02 consensus and revenue of $201.9M, up 33% year‑over‑year (consensus revenue $165.33M).
• Shares trade around $14.51 with a $2.41B market cap and a PE of 76.35; analysts have a consensus rating of "Moderate Buy" with a $15.93 target, and institutional investors own about 92% of the stock.

FIGS, Inc. (NYSE:FIGS - Get Free Report) Chairman Heather Hasson sold 32,385 shares of FIGS stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $464,077.05. Following the completion of the transaction, the chairman directly owned 1,433,807 shares of the company's stock, valued at $20,546,454.31. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FIGS Price Performance

Shares of FIGS stock traded down $0.03 during trading hours on Wednesday, reaching $14.51. The stock had a trading volume of 4,019,155 shares, compared to its average volume of 2,954,482. FIGS, Inc. has a twelve month low of $4.25 and a twelve month high of $17.48. The firm has a market capitalization of $2.41 billion, a PE ratio of 76.35 and a beta of 1.12. The firm has a 50-day simple moving average of $14.99 and a 200-day simple moving average of $12.05.

FIGS (NYSE:FIGS - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.08. FIGS had a return on equity of 8.41% and a net margin of 5.43%.The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $165.33 million. During the same quarter in the previous year, the business earned $0.01 EPS. The firm's revenue for the quarter was up 33.0% on a year-over-year basis. On average, equities analysts anticipate that FIGS, Inc. will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FIGS shares. Barclays raised FIGS from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. BTIG Research reissued a "buy" rating and set a $20.00 target price on shares of FIGS in a research note on Friday, April 24th. The Goldman Sachs Group upgraded shares of FIGS from a "strong sell" rating to a "hold" rating in a report on Friday, February 27th. Morgan Stanley upped their target price on FIGS from $8.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, April 13th. Finally, Weiss Ratings upgraded shares of FIGS from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $15.93.

Hedge Funds Weigh In On FIGS

Large investors have recently modified their holdings of the business. Elevated Capital Advisors LLC bought a new position in FIGS during the fourth quarter worth $45,000. Assetmark Inc. acquired a new position in shares of FIGS during the third quarter valued at about $35,000. Kemnay Advisory Services Inc. acquired a new position in shares of FIGS during the fourth quarter valued at about $69,000. OP Asset Management Ltd acquired a new position in shares of FIGS during the first quarter valued at about $115,000. Finally, Quarry LP grew its position in FIGS by 1,876.3% in the 3rd quarter. Quarry LP now owns 7,846 shares of the company's stock worth $52,000 after purchasing an additional 7,449 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

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.

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