FIGS (NYSE:FIGS) Given New $4.75 Price Target at The Goldman Sachs Group

FIGS (NYSE:FIGS) had its price objective lifted by stock analysts at The Goldman Sachs Group from $4.25 to $4.75 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential downside of 2.66% from the stock’s previous close.

A number of other equities analysts have also issued reports on FIGS. Roth Mkm dropped their target price on shares of FIGS from $7.50 to $6.75 and set a “buy” rating on the stock in a research report on Friday, May 10th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 target price on shares of FIGS in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.40.

FIGS Trading Down 14.7 %

FIGS stock traded down $0.84 during trading hours on Friday, reaching $4.88. 5,237,596 shares of the company were exchanged, compared to its average volume of 3,709,150. The stock has a 50-day moving average of $5.58 and a 200 day moving average of $5.47. The firm has a market cap of $830.71 million, a price-to-earnings ratio of 43.36, a PEG ratio of 86.00 and a beta of 1.42. FIGS has a 12 month low of $4.30 and a 12 month high of $7.98.

FIGS (NYSE:FIGS) last released 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 during the quarter, compared to analyst estimates of $142.25 million. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. As a group, research analysts forecast that FIGS will post 0.03 EPS for the current year.

Institutional Trading of FIGS

Large investors have recently made changes to their positions in the company. Eagle Asset Management Inc. bought a new position in shares of FIGS during the fourth quarter worth about $12,152,000. Wellington Management Group LLP raised its holdings in FIGS by 321.5% during the fourth quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock worth $21,377,000 after acquiring an additional 2,345,994 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of FIGS by 26.6% in the first 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 increased its holdings in FIGS by 25.8% during the first quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock worth $12,427,000 after buying an additional 511,794 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in FIGS by 499.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 214,589 shares of the company’s stock worth $1,491,000 after acquiring an additional 178,800 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

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.