Man Group plc Sells 145,044 Shares of FIGS, Inc. (NYSE:FIGS)

Man Group plc trimmed its position in FIGS, Inc. (NYSE:FIGS - Free Report) by 89.8% in the fourth quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIGS. Barclays PLC increased its holdings in shares of FIGS by 152.5% in the 3rd quarter. Barclays PLC now owns 286,974 shares of the company's stock worth $1,963,000 after acquiring an additional 173,316 shares during the period. Blue Trust Inc. grew its position in FIGS by 380.0% in the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company's stock worth $51,000 after purchasing an additional 5,864 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new stake in shares of FIGS in the fourth quarter valued at approximately $179,000. Lane & Associates LLC acquired a new stake in shares of FIGS in the fourth quarter valued at approximately $86,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of FIGS by 83.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company's stock valued at $14,331,000 after buying an additional 1,052,384 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

FIGS Price Performance

FIGS traded down $0.03 during trading on Friday, reaching $4.35. 1,608,154 shares of the stock traded hands, compared to its average volume of 2,747,654. The stock has a market cap of $707.10 million, a price-to-earnings ratio of 72.50, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20. The stock's 50-day simple moving average is $4.32 and its two-hundred day simple moving average is $5.03. FIGS, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $7.06.

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.