Calamos Advisors LLC Makes New $730,000 Investment in FIGS, Inc. $FIGS

Calamos Advisors LLC purchased a new stake in shares of FIGS, Inc. (NYSE:FIGS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 49,448 shares of the company’s stock, valued at approximately $730,000.

A number of other hedge funds have also modified their holdings of FIGS. FourThought Financial Partners LLC raised its holdings in shares of FIGS by 3.6% during the fourth quarter. FourThought Financial Partners LLC now owns 32,851 shares of the company’s stock worth $373,000 after acquiring an additional 1,138 shares in the last quarter. Corient Private Wealth LLC grew its stake in FIGS by 0.8% in the second quarter. Corient Private Wealth LLC now owns 332,938 shares of the company’s stock valued at $1,878,000 after purchasing an additional 2,612 shares in the last quarter. Creative Planning increased its position in FIGS by 4.9% in the 3rd quarter. Creative Planning now owns 68,932 shares of the company’s stock worth $461,000 after purchasing an additional 3,192 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in FIGS by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock worth $354,000 after purchasing an additional 3,276 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of FIGS by 2.2% during the 4th quarter. Swiss National Bank now owns 183,300 shares of the company’s stock worth $2,082,000 after purchasing an additional 3,900 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FIGS shares. Zacks Research lowered FIGS from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. KeyCorp restated an “overweight” rating on shares of FIGS in a report on Tuesday, June 23rd. BTIG Research reaffirmed a “buy” rating and set a $20.00 price objective on shares of FIGS in a research report on Friday, April 24th. Weiss Ratings cut shares of FIGS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, Morgan Stanley boosted their target price on shares of FIGS from $8.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.93.

FIGS Stock Performance

Shares of FIGS stock opened at $10.29 on Friday. The stock’s 50 day simple moving average is $11.39 and its 200 day simple moving average is $12.64. FIGS, Inc. has a twelve month low of $5.81 and a twelve month high of $17.48. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 46.79 and a beta of 1.01.

FIGS (NYSE:FIGS) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $159.90 million during the quarter, compared to analyst estimates of $153.15 million. FIGS had a return on equity of 9.69% and a net margin of 6.10%.The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, analysts forecast that FIGS, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sarah Oughtred sold 23,597 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $14.33, for a total value of $338,145.01. Following the transaction, the chief financial officer directly owned 1,129,791 shares in the company, valued at approximately $16,189,905.03. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Heather L. Hasson sold 32,385 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $464,077.05. Following the completion of the transaction, the chairman owned 1,433,807 shares in the company, valued at $20,546,454.31. The trade was a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 27.06% of the company’s stock.

FIGS Profile

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.