Dimensional Fund Advisors LP Increases Position in FIGS, Inc. (NYSE:FIGS)

Dimensional Fund Advisors LP boosted its position in shares of FIGS, Inc. (NYSE:FIGS - Free Report) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,350,572 shares of the company's stock after purchasing an additional 827,149 shares during the period. Dimensional Fund Advisors LP owned approximately 2.56% of FIGS worth $26,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of FIGS during the 4th quarter valued at approximately $12,152,000. Bank of New York Mellon Corp raised its position in FIGS by 83.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company's stock valued at $14,331,000 after purchasing an additional 1,052,384 shares during the period. Wells Fargo & Company MN lifted its stake in shares of FIGS by 298.7% in the 4th quarter. Wells Fargo & Company MN now owns 969,271 shares of the company's stock valued at $6,000,000 after purchasing an additional 726,169 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of FIGS by 165.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company's stock worth $4,091,000 after purchasing an additional 372,693 shares during the period. Finally, Barclays PLC grew its holdings in shares of FIGS by 152.5% during the 3rd quarter. Barclays PLC now owns 286,974 shares of the company's stock worth $1,963,000 after purchasing an additional 173,316 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

FIGS Price Performance

Shares of FIGS stock traded down $0.11 during trading on Friday, reaching $4.94. The company's stock had a trading volume of 3,363,641 shares, compared to its average volume of 2,866,591. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $7.06. The stock's 50-day moving average price is $4.36 and its 200 day moving average price is $5.18. The company has a market capitalization of $802.85 million, a price-to-earnings ratio of 82.33, a P/E/G ratio of 31.62 and a beta of 1.20.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FIGS shares. Telsey Advisory Group decreased their target price on shares of FIGS from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group lowered their price objective 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, Morgan Stanley cut 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, FIGS has an average rating of "Hold" and an average target price of $4.75.

About FIGS

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.