Tandem Capital Management Corp ADV Sells 16,900 Shares of FIGS, Inc. (NYSE:FIGS)

Tandem Capital Management Corp ADV lowered its stake in shares of FIGS, Inc. (NYSE:FIGS) by 15.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 90,330 shares of the company’s stock after selling 16,900 shares during the period. Tandem Capital Management Corp ADV owned approximately 0.05% of FIGS worth $559,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in shares of FIGS during the fourth quarter valued at about $43,000. Blue Trust Inc. raised its position in FIGS by 380.0% in the fourth quarter. Blue Trust Inc. now owns 7,407 shares of the company’s stock worth $51,000 after purchasing an additional 5,864 shares in the last quarter. Creative Planning raised its position in FIGS by 17.7% in the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after purchasing an additional 1,911 shares in the last quarter. International Assets Investment Management LLC raised its position in FIGS by 787.0% in the third quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock worth $950,000 after purchasing an additional 12,356 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in FIGS in the third quarter worth about $104,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insiders Place Their Bets

In related news, insider Heather L. Hasson sold 26,855 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now directly owns 354,221 shares in the company, valued at $2,111,157.16. This trade represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 22.30% of the company’s stock.

FIGS Stock Performance

Shares of FIGS stock opened at $5.45 on Tuesday. FIGS, Inc. has a 52-week low of $4.30 and a 52-week high of $7.05. The stock has a market cap of $924.62 million, a PE ratio of 90.75, a PEG ratio of 34.14 and a beta of 1.22. The firm’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $5.86.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. FIGS had a net margin of 1.97% and a return on equity of 2.76%. The firm had revenue of $140.21 million for the quarter, compared to analysts’ expectations of $144.11 million. During the same period last year, the firm earned $0.03 earnings per share. As a group, sell-side analysts predict that FIGS, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective on shares of FIGS in a research note on Wednesday, November 13th. Barclays decreased their price objective on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group decreased their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.35.

About FIGS

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.