American Century Companies Inc. Has $4.29 Million Stock Holdings in FIGS, Inc. $FIGS

Key Points

• American Century Companies Inc. reduced its stake in FIGS, Inc. by 19.0%, selling 219,479 shares and now holds 935,056 shares worth approximately $4.29 million.
• FIGS reported a quarterly earnings per share (EPS) of $0.04, exceeding estimates, with revenues reaching $152.64 million, reflecting a 5.8% year-over-year increase.
• Analysts have varied ratings on FIGS, with one rating it as a "strong-buy", while others maintain a "hold" or "sell" rating, with an average price target of $5.38.

American Century Companies Inc. cut its holdings in FIGS, Inc. (NYSE:FIGS - Free Report) by 19.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 935,056 shares of the company's stock after selling 219,479 shares during the period. American Century Companies Inc. owned about 0.58% of FIGS worth $4,292,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FIGS. Ameriprise Financial Inc. boosted its holdings in shares of FIGS by 37.9% in the 4th quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company's stock valued at $75,445,000 after buying an additional 3,352,846 shares during the period. Security Benefit Life Insurance Co. KS acquired a new position in shares of FIGS in the 1st quarter valued at about $6,962,000. Pacer Advisors Inc. acquired a new position in shares of FIGS in the 1st quarter valued at about $4,640,000. Dimensional Fund Advisors LP boosted its holdings in shares of FIGS by 23.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company's stock valued at $26,931,000 after buying an additional 827,149 shares during the period. Finally, Bamco Inc. NY boosted its holdings in shares of FIGS by 2.7% in the 4th quarter. Bamco Inc. NY now owns 30,837,759 shares of the company's stock valued at $190,886,000 after buying an additional 807,681 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

FIGS Stock Performance

Shares of NYSE:FIGS traded up $0.21 during trading on Thursday, reaching $6.81. The company had a trading volume of 1,748,384 shares, compared to its average volume of 2,075,655. The firm's fifty day moving average is $6.42 and its 200 day moving average is $5.27. The firm has a market capitalization of $1.11 billion, a PE ratio of 170.17, a price-to-earnings-growth ratio of 4.23 and a beta of 1.34. FIGS, Inc. has a twelve month low of $3.57 and a twelve month high of $7.31.

FIGS (NYSE:FIGS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The company had revenue of $152.64 million during the quarter, compared to analyst estimates of $144.17 million. FIGS had a net margin of 1.26% and a return on equity of 1.84%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. Equities analysts predict that FIGS, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FIGS shares. Wall Street Zen raised shares of FIGS from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Telsey Advisory Group reissued a "market perform" rating and set a $7.00 target price (up from $5.00) on shares of FIGS in a research note on Monday, August 4th. Cowen reissued a "hold" rating on shares of FIGS in a research note on Friday, August 8th. Morgan Stanley boosted their target price on shares of FIGS from $4.25 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group boosted their target price on shares of FIGS from $3.75 to $4.50 and gave the company a "sell" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.38.

Insider Activity at FIGS

In related news, CEO Catherine Eva Spear sold 65,866 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $6.88, for a total value of $453,158.08. Following the completion of the sale, the chief executive officer owned 1,969,246 shares in the company, valued at approximately $13,548,412.48. This represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Oughtred sold 99,834 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $6.19, for a total transaction of $617,972.46. Following the completion of the sale, the chief financial officer owned 878,058 shares of the company's stock, valued at approximately $5,435,179.02. This trade represents a 10.21% decrease in their position. The disclosure for this sale can be found here. 29.44% of the stock is currently owned by corporate insiders.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.