Barclays Cuts FIGS (NYSE:FIGS) Price Target to $4.00

FIGS (NYSE:FIGS) had its price target decreased by Barclays from $5.00 to $4.00 in a report issued on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

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

FIGS Stock Down 0.8 %

Shares of FIGS traded down $0.04 on Tuesday, hitting $4.97. 478,361 shares of the stock traded hands, compared to its average volume of 3,538,272. FIGS has a 1 year low of $4.30 and a 1 year high of $7.98. The stock’s 50 day moving average is $6.07 and its two-hundred day moving average is $5.72. The firm has a market capitalization of $849.17 million, a P/E ratio of 83.50, a P/E/G ratio of 242.88 and a beta of 1.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in shares of FIGS by 23.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after acquiring an additional 3,247 shares during the last quarter. ProShare Advisors LLC boosted its position in FIGS by 26.6% during the first quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock worth $3,817,000 after purchasing an additional 161,249 shares during the period. Vanguard Group Inc. grew its holdings in FIGS by 1.7% during the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after purchasing an additional 206,673 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of FIGS in the first quarter valued at approximately $129,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of FIGS by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock worth $316,000 after buying an additional 4,038 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

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.