Hussman Strategic Advisors Inc. Makes New $702,000 Investment in FIGS, Inc. $FIGS

Hussman Strategic Advisors Inc. acquired a new stake in FIGS, Inc. (NYSE:FIGS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 105,000 shares of the company’s stock, valued at approximately $702,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in FIGS by 12,795.0% in the second quarter. Farther Finance Advisors LLC now owns 5,158 shares of the company’s stock valued at $29,000 after purchasing an additional 5,118 shares during the last quarter. Capstone Financial Advisors Inc. purchased a new stake in shares of FIGS during the 2nd quarter worth approximately $56,000. Hudson Bay Capital Management LP acquired a new position in shares of FIGS in the 2nd quarter valued at $61,000. Walleye Capital LLC purchased a new position in shares of FIGS in the 2nd quarter valued at $65,000. Finally, Prudential Financial Inc. acquired a new stake in FIGS during the 2nd quarter worth $70,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Stock Down 1.4%

NYSE FIGS opened at $11.28 on Thursday. The firm has a market cap of $1.85 billion, a P/E ratio of 112.75 and a beta of 1.30. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $12.50. The business’s 50-day moving average price is $11.34 and its 200 day moving average price is $8.64.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. FIGS had a return on equity of 4.50% and a net margin of 3.03%.The firm had revenue of $151.66 million during the quarter, compared to the consensus estimate of $142.39 million. During the same period in the prior year, the business earned ($0.01) EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that FIGS, Inc. will post 0.01 earnings per share for the current year.

Insider Buying and Selling at FIGS

In other FIGS news, CFO Sarah Oughtred sold 10,515 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $11.50, for a total transaction of $120,922.50. Following the transaction, the chief financial officer owned 834,830 shares in the company, valued at approximately $9,600,545. The trade was a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Heather L. Hasson sold 23,356 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total value of $172,600.84. Following the transaction, the insider directly owned 1,274,841 shares of the company’s stock, valued at approximately $9,421,074.99. This trade represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 106,350 shares of company stock valued at $1,027,582. 29.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wolfe Research upgraded shares of FIGS to a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of FIGS in a report on Monday, December 29th. The Goldman Sachs Group raised their price target on FIGS from $5.00 to $5.50 and gave the stock a “sell” rating in a research note on Friday, November 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 price target (up previously from $7.00) on shares of FIGS in a research report on Monday, November 3rd. Finally, BTIG Research increased their price objective on FIGS from $12.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.70.

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.