FIGS, Inc. (NYSE:FIGS) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in FIGS, Inc. (NYSE:FIGS - Free Report) by 64.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 527,541 shares of the company's stock after selling 954,366 shares during the period. Bank of America Corp DE owned about 0.31% of FIGS worth $3,265,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FIGS. Blue Trust Inc. lifted its position in shares of FIGS by 395.3% in the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company's stock worth $47,000 after purchasing an additional 6,099 shares during the period. Stifel Financial Corp purchased a new stake in FIGS during the fourth quarter valued at approximately $70,000. Cibc World Markets Corp purchased a new stake in FIGS during the fourth quarter valued at approximately $75,000. Senvest Management LLC purchased a new stake in FIGS during the fourth quarter valued at approximately $84,000. Finally, Lane & Associates LLC purchased a new stake in FIGS during the fourth quarter valued at approximately $86,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

FIGS Price Performance

FIGS stock traded up $0.01 during mid-day trading on Monday, reaching $4.36. 1,385,619 shares of the company traded hands, compared to its average volume of 2,744,401. FIGS, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $7.06. The company has a market capitalization of $707.91 million, a price-to-earnings ratio of 72.58, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20. The firm's fifty day moving average is $4.32 and its two-hundred day moving average is $5.03.

Wall Street Analyst Weigh In

A number of research firms recently commented on FIGS. Morgan Stanley decreased 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. Telsey Advisory Group reissued a "market perform" rating and set a $5.00 target price on shares of FIGS in a research report on Tuesday, May 13th. Barclays reissued a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group decreased 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.

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.