FIGS, Inc. (NYSE:FIGS – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 24,240,000 shares, an increase of 20.2% from the September 15th total of 20,160,000 shares. Approximately 19.0% of the shares of the stock are short sold. Based on an average trading volume of 3,550,000 shares, the short-interest ratio is presently 6.8 days.
FIGS Stock Up 3.7 %
Shares of FIGS stock traded up $0.24 during trading on Monday, reaching $6.66. The company’s stock had a trading volume of 1,705,651 shares, compared to its average volume of 3,622,502. The company has a 50-day simple moving average of $5.87 and a two-hundred day simple moving average of $5.53. FIGS has a 1-year low of $4.30 and a 1-year high of $7.98. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 58.27, a P/E/G ratio of 83.73 and a beta of 1.43.
FIGS (NYSE:FIGS – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The company had revenue of $144.23 million during the quarter, compared to analysts’ expectations of $142.25 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that FIGS will post 0.03 earnings per share for the current year.
Insider Transactions at FIGS
In other news, insider Heather L. Hasson sold 40,149 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total value of $228,849.30. Following the completion of the transaction, the insider now owns 425,710 shares of the company’s stock, valued at $2,426,547. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 43,586 shares of company stock valued at $249,902 over the last 90 days. Company insiders own 22.30% of the company’s stock.
Hedge Funds Weigh In On FIGS
A number of institutional investors have recently modified their holdings of FIGS. Creative Planning increased its stake in shares of FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after purchasing an additional 1,911 shares in the last quarter. Banque Cantonale Vaudoise lifted its position in shares of FIGS by 50.0% in the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of FIGS by 6.0% in the second quarter. The Manufacturers Life Insurance Company now owns 50,564 shares of the company’s stock worth $270,000 after acquiring an additional 2,879 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of FIGS by 23.6% in the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock worth $85,000 after acquiring an additional 3,247 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in FIGS by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock valued at $316,000 after purchasing an additional 4,038 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price objective on shares of FIGS in a research note on Monday, August 5th. The Goldman Sachs Group increased their price target on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, FIGS presently has an average rating of “Hold” and an average price target of $5.40.
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.