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FIGS, Inc. receives a new investment from Crossmark Global Holdings Inc. (NYSE:FIGS)

FIGS, Inc. receives a new investment from Crossmark Global Holdings Inc. (NYSE:FIGS)

According to the most recent disclosure that Crossmark Global Holdings Inc.

Made with the Securities and Exchange Commission (SEC), the company acquired a new position in FIGS, Inc. (NYSE: FIGS) during the third quarter of the fiscal year. To purchase 13,594 shares of the company above’s stock, the organization dished out close to 112,000 dollars in total expenditures.

During the past few months, various other institutional investors and hedge funds have either increased or decreased the amount of this stock they are currently holding in their portfolios.

Macquarie Group Ltd.

Increased its proportion of FIGS holdings by 11.2% during the second quarter.

Macquarie Group Ltd. now holds 9,213,314 shares of the company’s stock following the acquisition of an additional 929,850 shares. The stock is currently valued at $83,934,000. The value of Vanguard Group Inc.’s holdings in FIGS increased by 6.8% over the first three months of 2018.

After purchasing an additional 538,006 shares during the relevant period, Vanguard Group Inc. now has 8,494,827 shares of the company’s stock, which are currently valued at $182,809,000. This brings the total number of shares owned by the company to 8,494,827.

BlackRock Inc.

Increased its proportion of FIGS holdings by 1.7% during the first quarter of the fiscal year.

BlackRock Inc.

Increased its stake in the company by purchasing 71,590 additional shares of the company’s stock during the most recent fiscal quarter, bringing the total number of shares it owns to 4,370,119 with a value of $94,045,000. The value of Soros Fund Management LLC’s holdings in FIGS increased by 20.4% during the second quarter as compared to the first quarter. Soros Fund Management LLC now holds 3,486,215 shares of the company’s stock, which have a value of $31,759,000 after acquiring 590,000 additional shares during the preceding quarter. Soros Fund Management LLC purchased these shares. The proportion of Allspring Global Investments Holdings LLC’s holdings that were invested in FIGS saw a 1.6% increase during the second quarter due to the company’s actions.

During the most recent quarter, Allspring Global Investments Holdings LLC increased its holdings in the company’s stock by 51,606 shares. This brings the total number of shares owned in the company to 3,201,518 and gives it a market value of $29,165,000.
The enterprise has a price-to-earnings ratio of 49.38, a price-to-earnings-growth ratio of 31.40, and a beta value of 1.40; each of these metrics contributes to the current market value of the enterprise, which is 1.31 billion dollars. When trading began on Thursday, one share of FIGS was trading at $7.90.The moving average of the company’s stock price over the past 50 days is $7.28, and the moving average over the last 200 days is $8.75.

During the same period, FIGS, Inc.

Experienced a one-year low of $5.55 and a one-year high of $23.93 for its share price.

On November 10th, FIGS’s most recent earnings report was released to the public. FIGS is a company that trades on the NYSE under the symbol “FIGS.” The company achieved earnings of $0.02 per share for the quarter, the same as the $0.02 per share that the market anticipated the company would achieve. FIGS had a return on equity of 14.64% and a net margin of 6.21% for the company overall. The actual revenue the company brought in for the period was $128.59 million, which is higher than the consensus expectation of $128.07 million expected for the period.

It is anticipated that FIGS, Inc. will generate $0.11 per share earnings during the current fiscal year. This information was gleaned from the conclusions reached by stock research professionals.

Research analysts have focused their attention on FIGS in several different papers that they have written. Guggenheim stated that they would be lowering their price target on FIGS to $12.00, and the announcement was made public in a report published on Wednesday, November 16th. The price objective that Telsey Advisory Group has set for FIGS has been reduced from $10.00 to $9.00, as stated in a report released on Friday, November 11th.

Despite this modification, the company has continued recommending ” outperforming” for the stock. Raymond James stated that it would maintain its “outperform” rating for FIGS shares but would lower its price objective from $12.00 to $8.00. This information was included in a research report that was made public on Friday, November 11th.

In a report distributed on November 17th, Oppenheimer lowered the “outperform” rating and price goal they had previously established for FIGS to $22.00. The new goal price is $12.00.

Piper Sandler disclosed their plan to reduce their target price on FIGS shares to $10.00 in a research note released on November 16th. The note was published on the website of Piper Sandler. Seven analysts have issued a recommendation to buy shares of the company, five analysts have issued a recommendation to hold shares, and only one analyst has issued a recommendation to sell shares.

According to Bloomberg, the average recommendation for the company is “Hold,” and the current consensus price objective is $11.96. The average recommendation for the company is “Hold.”

“Direct to Consumer” is the name of the sales model utilized by FIGS, Inc., responsible for the company’s apparel and lifestyle product sales in the United States.

It is in the business of manufacturing and distributing medical apparel that does not require scrubbings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks, footwear, and masks. Some examples of this type of apparel include lab coats and under scrubs.

In addition, you can choose from performance leggings, sports bras, shirts, vests, and coats, as well as tops made of Pima cotton that are extremely comfortable.


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