FIGS, Inc. (NYSE:FIGS) Shares Bought by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. has increased its stake in FIGS, Inc. by 49.8%, owning 143,691 shares valued at approximately $660,000 after increasing its holdings in the first quarter.
• FIGS recently experienced a stock price decrease of 4.9%, with current shares opening at $6.18 and a market capitalization of $1 billion.
• Institutional investors own over 92% of FIGS, indicating strong institutional interest in the company amidst various brokerages setting target prices ranging from $4.25 to $5.00.

Victory Capital Management Inc. grew its position in shares of FIGS, Inc. (NYSE:FIGS - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,691 shares of the company's stock after purchasing an additional 47,797 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of FIGS worth $660,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Bamco Inc. NY grew its holdings in shares of FIGS by 2.7% during the fourth quarter. Bamco Inc. NY now owns 30,837,759 shares of the company's stock worth $190,886,000 after buying an additional 807,681 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 last quarter. Ameriprise Financial Inc. grew its holdings in shares of FIGS by 37.9% during the fourth quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company's stock worth $75,445,000 after buying an additional 3,352,846 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of FIGS by 1.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company's stock worth $66,121,000 after buying an additional 110,472 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 buying an additional 827,149 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

FIGS Stock Performance

FIGS traded down $0.02 during trading on Monday, reaching $6.20. The company's stock had a trading volume of 1,695,031 shares, compared to its average volume of 1,857,566. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $7.05. The company's fifty day moving average price is $5.59 and its 200-day moving average price is $5.07. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 621.00 and a beta of 1.34.

Wall Street Analysts Forecast Growth

FIGS has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on FIGS from $3.75 to $4.50 and gave the stock a "sell" rating in a report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $5.00 price objective on shares of FIGS in a report on Monday. Barclays reaffirmed a "positive" rating on shares of FIGS in a report on Tuesday, May 13th. Finally, Morgan Stanley lifted their price objective on FIGS from $4.25 to $5.00 and gave the company an "equal weight" rating in a report on Monday, July 21st.

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.