Barclays PLC Buys 173,316 Shares of FIGS, Inc. (NYSE:FIGS)

Barclays PLC raised its stake in FIGS, Inc. (NYSE:FIGS) by 152.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,974 shares of the company’s stock after purchasing an additional 173,316 shares during the quarter. Barclays PLC owned approximately 0.17% of FIGS worth $1,963,000 at the end of the most recent reporting period.

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

FIGS Price Performance

Shares of FIGS stock opened at $6.00 on Friday. The company’s 50 day moving average price is $5.61 and its two-hundred day moving average price is $5.73. The firm has a market capitalization of $1.02 billion, a P/E ratio of 100.00, a P/E/G ratio of 299.52 and a beta of 1.33. FIGS, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $7.80.

Analyst Upgrades and Downgrades

FIGS has been the topic of several research analyst reports. Barclays lowered their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group dropped their price target on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. 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 investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average 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.