Hsbc Holdings PLC Has $179,000 Stock Holdings in FIGS, Inc. (NYSE:FIGS)

Hsbc Holdings PLC lowered its stake in shares of FIGS, Inc. (NYSE:FIGS) by 33.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,878 shares of the company’s stock after selling 16,806 shares during the period. Hsbc Holdings PLC’s holdings in FIGS were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise raised its stake in FIGS by 50.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock worth $30,000 after buying an additional 2,000 shares during the period. Dakota Wealth Management bought a new position in shares of FIGS in the 2nd quarter worth $57,000. Verus Capital Partners LLC acquired a new stake in FIGS in the 2nd quarter valued at $79,000. Janney Montgomery Scott LLC grew its position in FIGS by 23.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after purchasing an additional 3,247 shares during the period. Finally, Lineweaver Wealth Advisors LLC bought a new stake in FIGS during the 1st quarter valued at $95,000. Institutional investors own 92.21% of the company’s stock.

Insider Activity

In related news, insider Heather L. Hasson sold 40,149 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $5.70, for a total value of $228,849.30. Following the transaction, the insider now directly owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 43,586 shares of company stock valued at $249,902 in the last ninety days. 22.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

FIGS Price Performance

FIGS opened at $6.70 on Friday. FIGS, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $7.98. The firm has a market capitalization of $1.14 billion, a P/E ratio of 60.91, a PEG ratio of 80.53 and a beta of 1.43. The company’s 50-day moving average is $5.87 and its 200 day moving average is $5.47.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $144.23 million for the quarter, compared to the consensus estimate of $142.25 million. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 EPS. On average, equities research analysts expect that FIGS, Inc. will post 0.03 earnings per share for the current year.

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.