Victory Capital Management Inc. Takes Position in FIGS, Inc. (NYSE:FIGS)

Victory Capital Management Inc. purchased a new stake in FIGS, Inc. (NYSE:FIGS) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,038 shares of the company’s stock, valued at approximately $202,000.

Other large investors have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. acquired a new stake in FIGS in the 2nd quarter worth approximately $87,000. Nkcfo LLC acquired a new stake in FIGS in the 2nd quarter worth approximately $175,000. Oppenheimer & Co. Inc. acquired a new stake in FIGS during the 2nd quarter valued at approximately $247,000. Sanders Morris Harris LLC acquired a new stake in FIGS during the 2nd quarter valued at approximately $301,000. Finally, Kovack Advisors Inc. acquired a new stake in FIGS during the 2nd quarter valued at approximately $327,000. Institutional investors and hedge funds own 28.99% of the company’s stock.

In other news, CEO Catherine Eva Spear sold 1,468,324 shares of the business’s stock in a transaction dated Monday, September 20th. The shares were sold at an average price of $40.25, for a total transaction of $59,100,041.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Global Investors Lp Viking sold 157,587 shares of the business’s stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $47.28, for a total transaction of $7,450,713.36. The disclosure for this sale can be found here.

FIGS stock opened at $38.74 on Tuesday. FIGS, Inc. has a 52-week low of $28.25 and a 52-week high of $50.40. The business’s fifty day simple moving average is $40.11.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, August 12th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.05). As a group, equities research analysts forecast that FIGS, Inc. will post -0.09 EPS for the current fiscal year.

FIGS has been the subject of several research reports. Piper Sandler restated a “buy” rating and set a $45.00 price objective on shares of FIGS in a research note on Monday, August 30th. KeyCorp began coverage on shares of FIGS in a report on Monday, June 21st. They set an “overweight” rating and a $45.00 target price for the company. Oppenheimer began coverage on shares of FIGS in a report on Monday, June 21st. They set an “outperform” rating and a $45.00 target price for the company. Cowen began coverage on shares of FIGS in a report on Monday, June 21st. They set an “outperform” rating and a $43.00 target price for the company. Finally, FIG Partners started coverage on shares of FIGS in a report on Monday, June 21st. They set a “buy” rating and a $42.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $42.45.

FIGS Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, masks, and face shields. The company markets and sells its products through its digital platform comprising website and mobile app.

See Also: Dividend Yield

Want to see what other hedge funds are holding FIGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FIGS, Inc. (NYSE:FIGS).

Institutional Ownership by Quarter for FIGS (NYSE:FIGS)

Receive News & Ratings for FIGS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FIGS and related companies with MarketBeat.com's FREE daily email newsletter.