Rhumbline Advisers Cuts Stock Position in FIGS, Inc. (NYSE:FIGS)

Rhumbline Advisers trimmed its position in shares of FIGS, Inc. (NYSE:FIGS) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,386 shares of the company’s stock after selling 18,847 shares during the period. Rhumbline Advisers’ holdings in FIGS were worth $897,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bamco Inc. NY grew its holdings in FIGS by 2.7% during the 4th quarter. Bamco Inc. NY now owns 30,837,759 shares of the company’s stock valued at $190,886,000 after purchasing an additional 807,681 shares in the last quarter. Vanguard Group Inc. grew its holdings in FIGS by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company’s stock valued at $79,230,000 after purchasing an additional 153,836 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in FIGS by 37.9% during the 4th quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company’s stock valued at $75,445,000 after purchasing an additional 3,352,846 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in FIGS by 1.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company’s stock worth $66,121,000 after acquiring an additional 110,472 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of FIGS by 23.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company’s stock worth $26,931,000 after purchasing an additional 827,149 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

FIGS Stock Performance

NYSE FIGS opened at $5.26 on Friday. FIGS, Inc. has a one year low of $3.57 and a one year high of $7.06. The company has a 50-day simple moving average of $4.58 and a 200-day simple moving average of $5.04. The firm has a market capitalization of $854.20 million, a PE ratio of 526.03 and a beta of 1.22.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FIGS shares. Telsey Advisory Group reissued a “market perform” rating and issued a $5.00 target price on shares of FIGS in a research report on Tuesday, May 13th. Morgan Stanley dropped their target price on shares of FIGS from $4.75 to $4.25 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group dropped their target price on shares of FIGS from $4.25 to $3.75 and set a “sell” rating for the company in a research report on Tuesday, April 22nd. Finally, Barclays reissued a “positive” rating on shares of FIGS in a research report on Tuesday, May 13th.

FIGS 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.