FIGS, Inc. (NYSE:FIGS) Receives Consensus Recommendation of “Reduce” from Analysts

FIGS, Inc. (NYSE:FIGS) has been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.35.

A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of 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 reissued a “market perform” rating and set a $7.00 price target on shares of FIGS in a report on Friday. Finally, The Goldman Sachs Group lowered 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.

FIGS Trading Down 18.1 %

NYSE:FIGS opened at $4.57 on Friday. FIGS has a 12-month low of $4.30 and a 12-month high of $7.05. The stock’s 50 day simple moving average is $5.72 and its 200-day simple moving average is $5.77. The firm has a market cap of $776.03 million, a P/E ratio of 76.17, a PEG ratio of 31.62 and a beta of 1.22.

Insider Activity at FIGS

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the completion of the transaction, the insider now directly owns 354,221 shares in the company, valued at approximately $2,111,157.16. This trade represents a 7.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FIGS. Bamco Inc. NY increased its position in FIGS by 2.7% during the 4th quarter. Bamco Inc. NY now owns 30,837,759 shares of the company’s stock worth $190,886,000 after purchasing an additional 807,681 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of FIGS by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company’s stock worth $79,230,000 after purchasing an additional 153,836 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of FIGS by 37.9% during the fourth quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company’s stock worth $75,445,000 after buying an additional 3,352,846 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of FIGS by 1.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company’s stock valued at $66,121,000 after buying an additional 110,472 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of FIGS by 23.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company’s stock valued at $26,931,000 after buying an additional 827,149 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.