Pullen Investment Management LLC Purchases New Holdings in FIGS, Inc. (NYSE:FIGS)

Pullen Investment Management LLC acquired a new stake in shares of FIGS, Inc. (NYSE:FIGS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 76,802 shares of the company’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC increased its stake in FIGS by 26.6% during the 1st quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock valued at $3,817,000 after purchasing an additional 161,249 shares in the last quarter. Applied Fundamental Research LLC increased its stake in FIGS by 25.8% during the 1st quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock valued at $12,427,000 after purchasing an additional 511,794 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in FIGS during the 2nd quarter valued at about $3,856,000. Vanguard Group Inc. increased its stake in FIGS by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after purchasing an additional 206,673 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC bought a new stake in FIGS during the 2nd quarter valued at about $799,000. 92.21% of the stock is currently owned by institutional investors.

FIGS Stock Performance

FIGS stock opened at $6.19 on Friday. FIGS, Inc. has a one year low of $4.30 and a one year high of $7.98. The company’s fifty day moving average price is $6.09 and its 200-day moving average price is $5.63. The company has a market capitalization of $1.06 billion, a PE ratio of 61.90, a price-to-earnings-growth ratio of 82.40 and a beta of 1.43.

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 company had revenue of $144.23 million for the quarter, compared to analysts’ expectations of $142.25 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. FIGS’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts predict that FIGS, Inc. will post 0.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Heather L. Hasson sold 40,149 shares of the 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 sale, the insider now owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 43,586 shares of company stock valued at $249,902. 22.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FIGS. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price objective on shares of FIGS in a research note on Monday, August 5th. The Goldman Sachs Group raised their price objective on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.40.

FIGS 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.