Charles Schwab Investment Management Inc. Sells 131,545 Shares of FIGS, Inc. (NYSE:FIGS)

Charles Schwab Investment Management Inc. lowered its position in shares of FIGS, Inc. (NYSE:FIGS) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 935,182 shares of the company’s stock after selling 131,545 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.55% of FIGS worth $5,789,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FIGS. Proficio Capital Partners LLC acquired a new position in shares of FIGS in the 4th quarter valued at $107,000. Bank of New York Mellon Corp lifted its holdings in FIGS by 83.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company’s stock worth $14,331,000 after acquiring an additional 1,052,384 shares in the last quarter. Lane & Associates LLC acquired a new position in FIGS in the fourth quarter valued at about $86,000. Blue Trust Inc. increased its holdings in shares of FIGS by 395.3% in the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after acquiring an additional 6,099 shares in the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new stake in shares of FIGS during the fourth quarter worth about $179,000. Institutional investors own 92.21% of the company’s stock.

Insiders Place Their Bets

In related news, insider Heather L. Hasson sold 26,855 shares of FIGS stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the sale, the insider now owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their price objective on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 price target on shares of FIGS in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, FIGS has a consensus rating of “Hold” and a consensus target price of $5.35.

FIGS Stock Performance

NYSE:FIGS opened at $4.84 on Tuesday. The stock has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $5.65. FIGS, Inc. has a 52-week low of $4.18 and a 52-week high of $7.06. The company has a market cap of $785.78 million, a PE ratio of 80.58, a PEG ratio of 31.62 and a beta of 1.26.

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.