Bank of New York Mellon Corp Has $7.91 Million Stock Holdings in FIGS, Inc. (NYSE:FIGS)

Bank of New York Mellon Corp trimmed its position in FIGS, Inc. (NYSE:FIGS - Free Report) by 25.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,724,047 shares of the company's stock after selling 591,116 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.06% of FIGS worth $7,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Cibc World Markets Corp bought a new position in FIGS during the 4th quarter worth $75,000. Intech Investment Management LLC grew its stake in FIGS by 80.8% during the 4th quarter. Intech Investment Management LLC now owns 52,202 shares of the company's stock worth $323,000 after buying an additional 23,328 shares during the last quarter. Virtu Financial LLC bought a new position in FIGS during the 4th quarter worth $144,000. American Century Companies Inc. grew its stake in FIGS by 15.3% during the 4th quarter. American Century Companies Inc. now owns 1,154,535 shares of the company's stock worth $7,147,000 after buying an additional 153,179 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in FIGS during the 4th quarter worth $147,000. 92.21% of the stock is currently owned by institutional investors.

FIGS Price Performance

Shares of FIGS stock traded up $0.04 during trading on Friday, hitting $6.53. The stock had a trading volume of 1,128,783 shares, compared to its average volume of 2,141,449. The firm has a market cap of $1.06 billion, a P/E ratio of 653.15 and a beta of 1.32. The business has a fifty day moving average of $5.38 and a two-hundred day moving average of $5.06. FIGS, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $7.05.

Analyst Ratings Changes

A number of research analysts have issued reports on FIGS shares. Telsey Advisory Group reiterated a "market perform" rating and set a $5.00 price target on shares of FIGS in a research report on Tuesday, May 13th. Barclays reiterated a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th. Morgan Stanley boosted their price target on FIGS from $4.25 to $5.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group boosted their price target on FIGS from $3.75 to $4.50 and gave the stock a "sell" rating in a research report on Tuesday.

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.