Victory Capital Management Inc. Lowers Position in FIGS, Inc. (NYSE:FIGS)

Victory Capital Management Inc. trimmed its stake in FIGS, Inc. (NYSE:FIGS) by 12.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,300 shares of the company’s stock after selling 2,388 shares during the quarter. Victory Capital Management Inc.’s holdings in FIGS were worth $111,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Dakota Wealth Management purchased a new stake in FIGS during the second quarter worth approximately $57,000. Verus Capital Partners LLC purchased a new stake in FIGS during the second quarter worth approximately $79,000. Creative Planning grew its stake in FIGS by 17.7% during the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after buying an additional 1,911 shares during the period. GSA Capital Partners LLP purchased a new stake in FIGS during the third quarter worth approximately $104,000. Finally, Seven Eight Capital LP purchased a new stake in FIGS during the second quarter worth approximately $144,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FIGS shares. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 price objective on shares of FIGS in a research note on Wednesday, November 13th. The Goldman Sachs Group boosted their target price on shares of FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research report on Friday, August 9th. Finally, Barclays reduced their target price on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, FIGS currently has a consensus rating of “Hold” and an average target price of $5.40.

FIGS Trading Up 1.0 %

NYSE FIGS opened at $5.19 on Monday. The stock has a market cap of $881.31 million, a P/E ratio of 86.50, a PEG ratio of 249.12 and a beta of 1.44. The company’s fifty day simple moving average is $5.96 and its 200-day simple moving average is $5.70. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.98.

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.