Nuveen Asset Management LLC Sells 1,375,164 Shares of FIGS, Inc. (NYSE:FIGS)

Nuveen Asset Management LLC cut its position in FIGS, Inc. (NYSE:FIGS - Free Report) by 80.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 344,615 shares of the company's stock after selling 1,375,164 shares during the period. Nuveen Asset Management LLC owned about 0.20% of FIGS worth $2,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIGS. Bamco Inc. NY raised its stake in FIGS by 2.7% during the 4th quarter. Bamco Inc. NY now owns 30,837,759 shares of the company's stock worth $190,886,000 after buying an additional 807,681 shares during the period. Vanguard Group Inc. increased its holdings in shares of FIGS by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company's stock worth $79,230,000 after acquiring an additional 153,836 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of FIGS by 37.9% during the fourth quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company's stock worth $75,445,000 after purchasing an additional 3,352,846 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of FIGS by 1.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company's stock valued at $66,121,000 after purchasing an additional 110,472 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of FIGS by 23.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company's stock valued at $26,931,000 after purchasing an additional 827,149 shares during the period. 92.21% of the stock is owned by institutional investors.

FIGS Price Performance

FIGS traded down $0.03 during trading on Thursday, hitting $5.08. The stock had a trading volume of 1,087,942 shares, compared to its average volume of 2,011,158. The company has a 50 day moving average price of $4.31 and a 200-day moving average price of $5.02. FIGS, Inc. has a one year low of $3.57 and a one year high of $7.05. The firm has a market cap of $824.95 million, a price-to-earnings ratio of 84.58, a P/E/G ratio of 31.62 and a beta of 1.22.

Wall Street Analyst Weigh In

Several analysts have commented on FIGS shares. Morgan Stanley dropped their target price 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. Barclays restated a "positive" rating on shares of FIGS in a research note on Tuesday, May 13th. The Goldman Sachs Group lowered their price objective 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, Telsey Advisory Group reissued a "market perform" rating and set a $5.00 target price on shares of FIGS in a report on Tuesday, May 13th.

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.