FIGS (NYSE:FIGS) Reaches New 1-Year High - Should You Buy?

FIGS, Inc. (NYSE:FIGS - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $4.07 and last traded at $4.05, with a volume of 1596117 shares traded. The stock had previously closed at $3.99.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FIGS shares. Telsey Advisory Group restated a "market perform" rating and issued a $7.00 price objective on shares of FIGS in a report on Friday, February 28th. Morgan Stanley decreased their target price on FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group cut their price target on FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.15.

FIGS Stock Up 1.5 %

The company has a market cap of $658.21 million, a price-to-earnings ratio of 67.50, a PEG ratio of 31.62 and a beta of 1.18. The business's fifty day simple moving average is $4.44 and its two-hundred day simple moving average is $5.27.

Institutional Trading of FIGS

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bamco Inc. NY increased its position in FIGS by 2.7% in the 4th quarter. Bamco Inc. NY now owns 30,837,759 shares of the company's stock valued at $190,886,000 after acquiring an additional 807,681 shares during the period. Vanguard Group Inc. grew its position in FIGS by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company's stock worth $79,230,000 after buying an additional 153,836 shares during the period. Ameriprise Financial Inc. increased its stake in FIGS by 37.9% in 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. increased its position in shares of FIGS by 1.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company's stock valued at $66,121,000 after buying an additional 110,472 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in FIGS by 23.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company's stock worth $26,931,000 after acquiring an additional 827,149 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.

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