Victory Capital Management Inc. Boosts Stake in FIGS, Inc. (NYSE:FIGS)

Victory Capital Management Inc. increased its position in FIGS, Inc. (NYSE:FIGS) by 488.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 95,894 shares of the company’s stock after purchasing an additional 79,594 shares during the period. Victory Capital Management Inc.’s holdings in FIGS were worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FIGS. Sugar Maple Asset Management LLC purchased a new stake in FIGS during the fourth quarter valued at approximately $43,000. Blue Trust Inc. raised its position in FIGS by 395.3% during the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock valued at $47,000 after purchasing an additional 6,099 shares during the period. Lane & Associates LLC purchased a new stake in FIGS during the fourth quarter valued at approximately $86,000. GSA Capital Partners LLP purchased a new stake in FIGS during the third quarter valued at approximately $104,000. Finally, Proficio Capital Partners LLC purchased a new stake in FIGS during the fourth quarter valued at approximately $107,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Heather L. Hasson sold 26,855 shares of the 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 transaction, the insider now owns 354,221 shares of the company’s stock, valued at $2,111,157.16. This represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of FIGS in a research report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, FIGS presently has an average rating of “Hold” and an average price target of $5.35.

FIGS Stock Performance

FIGS opened at $4.35 on Friday. The stock has a market cap of $706.31 million, a price-to-earnings ratio of 72.43, a P/E/G ratio of 31.62 and a beta of 1.26. The stock’s 50 day moving average price is $5.32 and its 200-day moving average price is $5.66. FIGS, Inc. has a one year low of $4.18 and a one year high of $7.06.

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.