FIGS, Inc. (NYSE:FIGS) is Applied Fundamental Research LLC’s 2nd Largest Position

Applied Fundamental Research LLC lifted its stake in FIGS, Inc. (NYSE:FIGSFree Report) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,648,281 shares of the company’s stock after buying an additional 152,900 shares during the quarter. FIGS makes up about 12.0% of Applied Fundamental Research LLC’s investment portfolio, making the stock its 2nd largest position. Applied Fundamental Research LLC owned about 1.55% of FIGS worth $18,114,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIGS. FMR LLC increased its holdings in shares of FIGS by 0.3% in the third quarter. FMR LLC now owns 1,155,092 shares of the company’s stock worth $7,901,000 after purchasing an additional 3,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in FIGS by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,066,727 shares of the company’s stock worth $7,296,000 after acquiring an additional 59,672 shares during the last quarter. Landscape Capital Management L.L.C. raised its holdings in shares of FIGS by 53.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 829,173 shares of the company’s stock worth $5,672,000 after acquiring an additional 289,317 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of FIGS during the 3rd quarter worth approximately $197,000. Finally, Connable Office Inc. boosted its position in shares of FIGS by 77.8% during the 3rd quarter. Connable Office Inc. now owns 52,532 shares of the company’s stock valued at $359,000 after acquiring an additional 22,980 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

FIGS Price Performance

Shares of NYSE FIGS opened at $4.99 on Tuesday. The company has a market cap of $846.50 million, a P/E ratio of 83.08, a PEG ratio of 226.56 and a beta of 1.44. The firm has a 50-day simple moving average of $6.00 and a two-hundred day simple moving average of $5.72. FIGS, Inc. has a 1 year low of $4.30 and a 1 year high of $7.98.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FIGS shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price target on shares of FIGS in a research note on Wednesday, November 13th. The Goldman Sachs Group increased their price target on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a report on Friday, August 9th. Finally, Barclays reduced their price objective on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.40.

Read Our Latest Stock Report on FIGS

FIGS Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FIGS (NYSE:FIGS)

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