Catherine Eva Spear Sells 62,335 Shares of FIGS (NYSE:FIGS) Stock

FIGS, Inc. (NYSE:FIGS) CEO Catherine Eva Spear sold 62,335 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $14.44, for a total transaction of $900,117.40. Following the transaction, the chief executive officer directly owned 1,794,964 shares in the company, valued at $25,919,280.16. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Catherine Eva Spear also recently made the following trade(s):

• On Tuesday, January 6th, Catherine Eva Spear sold 49,734 shares of FIGS stock. The stock was sold at an average price of $11.38, for a total transaction of $565,972.92.

FIGS Price Performance

NYSE:FIGS traded down $1.35 during mid-day trading on Monday, reaching $13.31. The stock had a trading volume of 5,731,816 shares, compared to its average volume of 3,015,660. The stock has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $10.90. The stock has a market capitalization of $2.21 billion, a PE ratio of 70.05 and a beta of 1.20. FIGS, Inc. has a 12 month low of $3.57 and a 12 month high of $17.48.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $165.33 million. FIGS had a net margin of 5.43% and a return on equity of 8.41%. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. Equities analysts expect that FIGS, Inc. will post 0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

FIGS has been the topic of a number of recent analyst reports. Wolfe Research raised shares of FIGS to a “buy” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group upgraded shares of FIGS from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Oppenheimer upgraded shares of FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Friday, March 20th. Barclays upgraded shares of FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Morgan Stanley raised their target price on shares of FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, FIGS has an average rating of “Moderate Buy” and an average price target of $13.93.

Institutional Trading of FIGS

A number of hedge funds have recently added to or reduced their stakes in FIGS. Assetmark Inc. acquired a new stake in FIGS in the third quarter valued at approximately $35,000. Elevated Capital Advisors LLC acquired a new stake in FIGS in the fourth quarter valued at approximately $45,000. Quarry LP lifted its holdings in shares of FIGS by 1,876.3% during the third quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after purchasing an additional 7,449 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of FIGS during the second quarter worth $61,000. Finally, Walleye Capital LLC acquired a new position in shares of FIGS during the second quarter worth $65,000. Institutional investors and hedge funds 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.