FIGS, Inc. (NYSE:FIGS) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of FIGS, Inc. (NYSE:FIGS) by 6.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 50,564 shares of the company’s stock after purchasing an additional 2,879 shares during the period. The Manufacturers Life Insurance Company’s holdings in FIGS were worth $270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of FIGS by 321.5% during the 4th quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock valued at $21,377,000 after acquiring an additional 2,345,994 shares during the period. ProShare Advisors LLC lifted its stake in FIGS by 26.6% in the 1st quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock valued at $3,817,000 after buying an additional 161,249 shares in the last quarter. Applied Fundamental Research LLC lifted its stake in FIGS by 25.8% in the 1st quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock valued at $12,427,000 after buying an additional 511,794 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in FIGS in the 2nd quarter worth approximately $3,856,000. Finally, Vanguard Group Inc. lifted its stake in FIGS by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock worth $62,735,000 after purchasing an additional 206,673 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were 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 in the company, 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 43,586 shares of company stock worth $249,902 over the last 90 days. Corporate insiders own 22.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIGS shares. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 target price on shares of FIGS in a research note on Monday, August 5th. The Goldman Sachs Group lifted their price target on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, FIGS has an average rating of “Hold” and an average price target of $5.40.

FIGS Trading Down 1.3 %

FIGS stock opened at $6.55 on Friday. The stock has a market cap of $1.11 billion, a P/E ratio of 59.50, a price-to-earnings-growth ratio of 83.73 and a beta of 1.43. The company has a fifty day simple moving average of $5.98 and a 200-day simple moving average of $5.58. FIGS, Inc. has a 12-month low of $4.30 and a 12-month high of $7.98.

FIGS (NYSE:FIGS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter. FIGS had a net margin of 3.39% and a return on equity of 4.94%. The firm had revenue of $144.23 million during the quarter, compared to analysts’ expectations of $142.25 million. During the same period in the previous year, the company earned $0.02 earnings per share. FIGS’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that FIGS, Inc. will post 0.03 earnings per share for the current fiscal 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.