HighTower Advisors LLC Sells 10,603 Shares of FIGS, Inc. (NYSE:FIGS)

HighTower Advisors LLC lowered its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 25.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,468 shares of the company’s stock after selling 10,603 shares during the period. HighTower Advisors LLC’s holdings in FIGS were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Bamco Inc. NY increased its stake in FIGS by 12.5% during the 3rd quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock valued at $205,406,000 after purchasing an additional 3,342,755 shares in the last quarter. Applied Fundamental Research LLC grew its holdings in shares of FIGS by 6.1% during the third quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock valued at $18,114,000 after buying an additional 152,900 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of FIGS by 16.2% during 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 acquiring an additional 322,358 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of FIGS by 318.1% in the 2nd quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock worth $8,081,000 after acquiring an additional 1,153,481 shares during the last quarter. Finally, FMR LLC lifted its position 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 in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on FIGS. Barclays lowered their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group decreased their price target on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.35.

FIGS Stock Performance

NYSE FIGS opened at $5.62 on Thursday. FIGS, Inc. has a 52-week low of $4.30 and a 52-week high of $7.98. The company has a fifty day moving average of $5.62 and a 200-day moving average of $5.72. The company has a market capitalization of $954.33 million, a P/E ratio of 93.67, a P/E/G ratio of 299.52 and a beta of 1.33.

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.