Geode Capital Management LLC Boosts Stake in FIGS, Inc. (NYSE:FIGS)

Geode Capital Management LLC lifted its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,977,364 shares of the company’s stock after acquiring an additional 109,979 shares during the quarter. Geode Capital Management LLC owned 1.74% of FIGS worth $20,369,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Verus Capital Partners LLC bought a new position in FIGS during the 2nd quarter valued at $79,000. Creative Planning raised its stake in shares of FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after purchasing an additional 1,911 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of FIGS during the third quarter worth about $104,000. Seven Eight Capital LP acquired a new position in FIGS in the second quarter worth about $144,000. Finally, Aigen Investment Management LP increased its holdings in FIGS by 40.3% in the third quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after buying an additional 6,562 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

FIGS Trading Up 0.2 %

NYSE:FIGS opened at $6.01 on Friday. The firm has a market capitalization of $1.02 billion, a PE ratio of 100.17, a price-to-earnings-growth ratio of 299.52 and a beta of 1.33. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.46. The stock has a 50 day moving average of $5.60 and a 200-day moving average of $5.73.

Analyst Ratings Changes

A number of research analysts have commented on FIGS shares. The Goldman Sachs Group reduced their target price on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Barclays dropped their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, FIGS presently has a consensus rating of “Hold” and a consensus target price of $5.35.

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.