50,000 Shares in FIGS, Inc. $FIGS Acquired by Quent Capital LLC

Quent Capital LLC acquired a new position in FIGS, Inc. (NYSE:FIGS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 50,000 shares of the company’s stock, valued at approximately $568,000.

A number of other large investors also recently modified their holdings of FIGS. BNP Paribas Financial Markets raised its holdings in shares of FIGS by 2,139.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,307,468 shares of the company’s stock worth $7,374,000 after purchasing an additional 1,249,091 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of FIGS by 9.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock worth $78,602,000 after purchasing an additional 1,144,962 shares during the period. Squarepoint Ops LLC raised its holdings in shares of FIGS by 940.7% in the 2nd quarter. Squarepoint Ops LLC now owns 924,092 shares of the company’s stock worth $5,212,000 after purchasing an additional 835,300 shares during the period. Marshall Wace LLP raised its holdings in shares of FIGS by 45.7% in the 3rd quarter. Marshall Wace LLP now owns 2,585,258 shares of the company’s stock worth $17,295,000 after purchasing an additional 810,719 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of FIGS in the 1st quarter worth about $3,199,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Catherine Eva Spear sold 62,335 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $14.44, for a total value of $900,117.40. Following the completion of the sale, the chief executive officer owned 1,794,964 shares in the company, valued at approximately $25,919,280.16. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sarah Oughtred sold 10,872 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $14.44, for a total value of $156,991.68. Following the completion of the sale, the chief financial officer owned 1,153,388 shares of the company’s stock, valued at approximately $16,654,922.72. This trade represents a 0.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 675,098 shares of company stock worth $10,912,375. 29.44% of the stock is currently owned by corporate insiders.

FIGS Stock Performance

FIGS stock opened at $16.51 on Monday. FIGS, Inc. has a 1 year low of $3.82 and a 1 year high of $17.48. The firm has a market cap of $2.75 billion, a P/E ratio of 86.89 and a beta of 1.20. The stock has a 50-day simple moving average of $14.49 and a 200-day simple moving average of $11.72.

FIGS (NYSE:FIGS) last posted its earnings results 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. FIGS had a return on equity of 8.41% and a net margin of 5.43%.The business had revenue of $201.90 million during the quarter, compared to analyst estimates of $165.33 million. During the same quarter last year, the firm earned $0.01 earnings per share. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. On average, equities research analysts predict that FIGS, Inc. will post 0.24 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on FIGS shares. Barclays upgraded FIGS from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of FIGS in a report on Friday, April 10th. Wall Street Zen upgraded FIGS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. KeyCorp upgraded FIGS from a “sector weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a report on Friday, February 27th. Finally, The Goldman Sachs Group upgraded FIGS from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.64.

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.