Blue Trust Inc. Raises Position in FIGS, Inc. (NYSE:FIGS)

Blue Trust Inc. increased its stake in FIGS, Inc. (NYSE:FIGS) by 395.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,642 shares of the company’s stock after purchasing an additional 6,099 shares during the quarter. Blue Trust Inc.’s holdings in FIGS were worth $47,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Sugar Maple Asset Management LLC acquired a new position in FIGS in the 4th quarter worth $43,000. Creative Planning increased its position in shares of FIGS by 17.7% during the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of 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 acquiring an additional 12,356 shares in the last quarter. GSA Capital Partners LLP purchased a new position in FIGS in the third quarter valued at about $104,000. Finally, Aigen Investment Management LP grew its stake in FIGS by 40.3% during the 3rd quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after purchasing an additional 6,562 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays cut their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 price objective on shares of FIGS in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group dropped their target price on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.35.

FIGS Trading Up 3.6 %

FIGS stock opened at $5.71 on Thursday. The stock’s 50 day simple moving average is $5.74 and its 200 day simple moving average is $5.77. FIGS, Inc. has a 12-month low of $4.30 and a 12-month high of $7.05. The firm has a market cap of $969.62 million, a P/E ratio of 95.17, a P/E/G ratio of 31.62 and a beta of 1.22.

Insiders Place Their Bets

In other news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the completion of the transaction, the insider now directly owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.30% of the stock is owned by corporate insiders.

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.