Balyasny Asset Management L.P. decreased its holdings in FIGS, Inc. (NYSE:FIGS - Free Report) by 63.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569,528 shares of the company's stock after selling 1,000,631 shares during the period. Balyasny Asset Management L.P. owned about 0.34% of FIGS worth $3,525,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of FIGS. Barclays PLC boosted its stake in shares of FIGS by 152.5% in the 3rd 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 last quarter. Franklin Resources Inc. boosted its stake 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 buying an additional 36,697 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of FIGS by 165.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company's stock worth $4,091,000 after buying an additional 372,693 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of FIGS in the 4th quarter worth $43,000. Finally, Blue Trust Inc. boosted its stake in shares of FIGS by 380.0% in the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company's stock worth $51,000 after buying an additional 5,864 shares during the last quarter. Institutional investors own 92.21% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Barclays reiterated a "positive" rating on shares of FIGS in a research report on Tuesday. Telsey Advisory Group reiterated a "market perform" rating and set a $5.00 target price on shares of FIGS in a research report on Tuesday. Morgan Stanley lowered their target price on FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group lowered their target price on FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a research report on Tuesday, April 22nd.
Check Out Our Latest Analysis on FIGS
FIGS Stock Performance
Shares of FIGS stock traded up $0.04 during trading hours on Friday, hitting $4.68. The company's stock had a trading volume of 1,340,116 shares, compared to its average volume of 2,800,749. The business has a 50 day moving average price of $4.35 and a two-hundred day moving average price of $5.12. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.06. The company has a market cap of $759.78 million, a PE ratio of 77.92, a PEG ratio of 31.62 and a beta of 1.20.
About FIGS
(
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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