FIGS, Inc. (NYSE:FIGS) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of FIGS, Inc. (NYSE:FIGS) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,977,364 shares of the company’s stock after purchasing an additional 109,979 shares during the period. Geode Capital Management LLC’s holdings in FIGS were worth $20,369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of FIGS by 16.2% during the second quarter. Bank of New York Mellon Corp now owns 2,307,304 shares of the company’s stock worth $12,298,000 after buying an additional 322,358 shares during the period. Verus Capital Partners LLC bought a new stake in FIGS during the 2nd quarter valued at $79,000. Versor Investments LP boosted its position in FIGS by 304.8% during the 2nd quarter. Versor Investments LP now owns 59,500 shares of the company’s stock worth $317,000 after acquiring an additional 44,800 shares during the period. Rhumbline Advisers grew its stake in shares of FIGS by 17.0% in the second quarter. Rhumbline Advisers now owns 207,382 shares of the company’s stock worth $1,105,000 after purchasing an additional 30,077 shares in the last quarter. Finally, Malaga Cove Capital LLC increased its holdings in shares of FIGS by 28.3% during the second quarter. Malaga Cove Capital LLC now owns 180,844 shares of the company’s stock valued at $964,000 after purchasing an additional 39,928 shares during the period. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a report on Wednesday, November 13th. The Goldman Sachs Group dropped their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research report on Tuesday, December 10th. Finally, Barclays decreased their price objective on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Two 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 stock currently has an average rating of “Hold” and a consensus price target of $5.35.

FIGS Trading Up 0.2 %

Shares of NYSE FIGS opened at $6.01 on Friday. FIGS, Inc. has a twelve month low of $4.30 and a twelve month high of $7.46. The firm has a 50-day moving average of $5.60 and a two-hundred day moving average of $5.73. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 100.17, a PEG ratio of 299.52 and a beta of 1.33.

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.