FIGS, Inc. (NYSE:FIGS) Receives $5.35 Average PT from Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have received a consensus recommendation of “Reduce” from the six analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $5.35.

A number of brokerages have commented on FIGS. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research note on Wednesday, November 13th. The Goldman Sachs Group dropped their price objective on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Finally, Barclays reduced their target price on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On FIGS

A number of large investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY boosted its holdings 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 buying an additional 3,342,755 shares during the period. Geode Capital Management LLC lifted its position in FIGS by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock worth $20,369,000 after acquiring an additional 109,979 shares during the last quarter. State Street Corp boosted its holdings in FIGS by 1.4% during the third quarter. State Street Corp now owns 2,743,494 shares of the company’s stock valued at $18,765,000 after acquiring an additional 38,787 shares during the period. Applied Fundamental Research LLC increased its stake in shares of FIGS by 6.1% in the third quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock worth $18,114,000 after purchasing an additional 152,900 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of FIGS by 16.2% in 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 purchasing an additional 322,358 shares during the period. Institutional investors own 92.21% of the company’s stock.

FIGS Stock Up 2.9 %

FIGS stock opened at $5.75 on Tuesday. FIGS has a 12 month low of $4.30 and a 12 month high of $7.98. The stock has a market cap of $976.41 million, a P/E ratio of 95.83, a P/E/G ratio of 299.52 and a beta of 1.33. The company’s fifty day simple moving average is $5.67 and its 200-day simple moving average is $5.71.

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.