Northern Trust Corp Increases Stake in FIGS, Inc. (NYSE:FIGS)

Northern Trust Corp raised its position in shares of FIGS, Inc. (NYSE:FIGS - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,273,290 shares of the company's stock after buying an additional 69,522 shares during the quarter. Northern Trust Corp owned about 0.75% of FIGS worth $7,882,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in shares of FIGS during the fourth quarter valued at about $43,000. Blue Trust Inc. increased its holdings in shares of FIGS by 395.3% during the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company's stock valued at $47,000 after acquiring an additional 6,099 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of FIGS during the fourth quarter valued at about $70,000. Cibc World Markets Corp acquired a new position in shares of FIGS during the fourth quarter valued at about $75,000. Finally, Senvest Management LLC acquired a new position in shares of FIGS during the fourth quarter valued at about $84,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

FIGS Stock Down 2.8%

Shares of NYSE FIGS traded down $0.13 during midday trading on Friday, reaching $4.40. 1,217,433 shares of the stock were exchanged, compared to its average volume of 2,759,675. The firm has a market cap of $714.28 million, a price-to-earnings ratio of 73.25, a PEG ratio of 31.62 and a beta of 1.20. FIGS, Inc. has a twelve month low of $3.57 and a twelve month high of $7.06. The firm has a 50-day simple moving average of $4.34 and a two-hundred day simple moving average of $5.06.

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.