FIGS (NYSE:FIGS) Issues Quarterly Earnings Results, Hits Expectations

FIGS (NYSE:FIGS - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01, Zacks reports. The company had revenue of $151.83 million for the quarter, compared to analyst estimates of $139.53 million. FIGS had a net margin of 1.97% and a return on equity of 2.76%.

FIGS Stock Up 0.7 %

FIGS traded up $0.03 during midday trading on Monday, hitting $4.60. 3,763,129 shares of the company traded hands, compared to its average volume of 2,041,686. The company's 50-day moving average is $5.72 and its 200 day moving average is $5.78. FIGS has a 52 week low of $4.30 and a 52 week high of $7.05. The firm has a market capitalization of $781.13 million, a PE ratio of 76.67, a price-to-earnings-growth ratio of 31.62 and a beta of 1.22.

Insider Transactions at FIGS

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the completion of the transaction, the insider now directly owns 354,221 shares in the company, valued at $2,111,157.16. This represents a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 22.30% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FIGS shares. The Goldman Sachs Group dropped their target price on FIGS from $5.00 to $4.50 and set a "sell" rating on the stock in a research report on Tuesday, December 10th. Barclays dropped their price objective on FIGS from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 12th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $7.00 target price on shares of FIGS in a report on Friday. 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.35.

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.