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

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

Several other institutional investors have also bought and sold shares of the stock. Barclays PLC boosted its holdings in FIGS by 152.5% during 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 last quarter. Sugar Maple Asset Management LLC bought a new position in shares of FIGS during the fourth quarter valued at about $43,000. Blue Trust Inc. lifted its position in shares of FIGS by 380.0% during the fourth quarter. Blue Trust Inc. now owns 7,407 shares of the company's stock valued at $51,000 after purchasing an additional 5,864 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in FIGS during the fourth quarter worth about $179,000. Finally, Lane & Associates LLC purchased a new position in FIGS during the fourth quarter worth about $86,000. Institutional investors own 92.21% of the company's stock.

Analyst Ratings Changes

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

FIGS Stock Performance

FIGS traded up $0.08 during midday trading on Thursday, reaching $4.53. The company had a trading volume of 1,154,435 shares, compared to its average volume of 2,759,554. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.06. The business has a 50-day moving average price of $4.34 and a two-hundred day moving average price of $5.09. The stock has a market cap of $736.22 million, a PE ratio of 75.50, a P/E/G ratio of 31.62 and a beta of 1.20.

About FIGS

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.