Sanctuary Advisors LLC Takes Position in FIGS, Inc. (NYSE:FIGS)

Sanctuary Advisors LLC purchased a new stake in shares of FIGS, Inc. (NYSE:FIGS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 93,156 shares of the company’s stock, valued at approximately $458,000. Sanctuary Advisors LLC owned approximately 0.05% of FIGS at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIGS. Banque Cantonale Vaudoise lifted its holdings in shares of FIGS by 50.0% during the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after purchasing an additional 2,000 shares in the last quarter. Dakota Wealth Management purchased a new stake in FIGS during the second quarter valued at $57,000. Verus Capital Partners LLC purchased a new stake in FIGS during the second quarter valued at $79,000. Janney Montgomery Scott LLC increased its position in FIGS by 23.6% during the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after acquiring an additional 3,247 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC purchased a new stake in FIGS during the first quarter valued at $95,000. 92.21% of the stock is owned by institutional investors.

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.

Analysts Set New Price Targets

FIGS has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research report on Friday, August 9th. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price objective on shares of FIGS in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, FIGS has a consensus rating of “Hold” and an average target price of $5.40.

FIGS Stock Up 0.9 %

Shares of FIGS opened at $6.65 on Thursday. The business has a 50-day simple moving average of $5.93 and a two-hundred day simple moving average of $5.56. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 60.45, a PEG ratio of 83.73 and a beta of 1.43. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.98.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $144.23 million during the quarter, compared to analyst estimates of $142.25 million. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. On average, equities analysts anticipate that FIGS, Inc. will post 0.03 earnings per share for the current fiscal year.

FIGS 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.