FIGS (NYSE:FIGS) Price Target Lowered to $4.00 at Barclays

FIGS (NYSE:FIGS) had its price target cut by Barclays from $5.00 to $4.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts have also weighed in on the company. The Goldman Sachs Group lifted their price objective on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a report on Friday, August 9th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective on shares of FIGS in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.40.

FIGS Price Performance

Shares of NYSE FIGS traded down $0.04 during mid-day trading on Tuesday, hitting $4.97. The company had a trading volume of 478,361 shares, compared to its average volume of 3,538,272. FIGS has a 12 month low of $4.30 and a 12 month high of $7.98. The firm has a market cap of $849.17 million, a P/E ratio of 83.50, a PEG ratio of 242.88 and a beta of 1.44. The business’s 50-day simple moving average is $6.07 and its 200-day simple moving average is $5.72.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FIGS. Bamco Inc. NY increased its stake in shares of FIGS by 12.5% during the 3rd quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock worth $205,406,000 after purchasing an additional 3,342,755 shares during the last quarter. Paloma Partners Management Co bought a new stake in FIGS in the third quarter valued at approximately $163,000. Applied Fundamental Research LLC boosted its stake in shares of FIGS by 6.1% during the 3rd quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock worth $18,114,000 after acquiring an additional 152,900 shares during the period. FMR LLC raised its stake in FIGS by 0.3% in the 3rd quarter. FMR LLC now owns 1,155,092 shares of the company’s stock valued at $7,901,000 after acquiring an additional 3,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of FIGS by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,066,727 shares of the company’s stock valued at $7,296,000 after purchasing an additional 59,672 shares during the period. 92.21% of the stock is currently owned by institutional investors.

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.