Man Group plc Trims Stock Position in FIGS, Inc. (NYSE:FIGS)

Man Group plc cut its position in shares of FIGS, Inc. (NYSE:FIGS - Free Report) by 89.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,400 shares of the company's stock after selling 145,044 shares during the period. Man Group plc's holdings in FIGS were worth $102,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in FIGS by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,943 shares of the company's stock valued at $458,000 after purchasing an additional 2,807 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in FIGS by 41.1% during the fourth quarter. Lazard Asset Management LLC now owns 110,748 shares of the company's stock valued at $685,000 after purchasing an additional 32,268 shares in the last quarter. FORA Capital LLC purchased a new position in FIGS during the fourth quarter valued at $251,000. Deutsche Bank AG lifted its holdings in FIGS by 159.6% during the fourth quarter. Deutsche Bank AG now owns 264,415 shares of the company's stock valued at $1,637,000 after purchasing an additional 162,561 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in FIGS by 2.7% during the fourth quarter. Bamco Inc. NY now owns 30,837,759 shares of the company's stock valued at $190,886,000 after purchasing an additional 807,681 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

FIGS Stock Performance

Shares of NYSE:FIGS traded up $0.01 during midday trading on Monday, hitting $4.36. The company's stock had a trading volume of 1,385,621 shares, compared to its average volume of 2,744,402. The business's 50 day simple moving average is $4.31 and its 200 day simple moving average is $5.02. The company has a market cap of $707.91 million, a P/E ratio of 72.58, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.06.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays reaffirmed a "positive" rating on shares of FIGS in a report on Tuesday, May 13th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $5.00 price objective on shares of FIGS in a report on Tuesday, May 13th. The Goldman Sachs Group decreased their price target on shares of FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price target on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th.

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.