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

FIGS, Inc. (NYSE:FIGS) has received an average recommendation of “Reduce” from the six research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $5.35.

FIGS has been the subject of a number of recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research note on Wednesday, November 13th. Barclays reduced their target price on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group dropped their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday, December 10th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in shares of FIGS by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,120,304 shares of the company’s stock worth $7,461,000 after acquiring an additional 36,697 shares during the last quarter. Geode Capital Management LLC lifted its stake in FIGS by 3.8% during the third quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock worth $20,369,000 after purchasing an additional 109,979 shares in the last quarter. Barclays PLC boosted its position in shares of FIGS by 152.5% during the third quarter. Barclays PLC now owns 286,974 shares of the company’s stock worth $1,963,000 after buying an additional 173,316 shares during the period. State Street Corp grew its stake in shares of FIGS by 1.4% in the third quarter. State Street Corp now owns 2,743,494 shares of the company’s stock valued at $18,765,000 after buying an additional 38,787 shares in the last quarter. Finally, Bamco Inc. NY raised its holdings in shares of FIGS by 12.5% in the 3rd quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock valued at $205,406,000 after buying an additional 3,342,755 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Price Performance

FIGS stock opened at $5.92 on Tuesday. FIGS has a 1 year low of $4.30 and a 1 year high of $7.98. The firm has a market capitalization of $1.01 billion, a PE ratio of 98.67, a price-to-earnings-growth ratio of 299.52 and a beta of 1.33. The business has a 50 day simple moving average of $5.67 and a 200-day simple moving average of $5.72.

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.