FIGS, Inc. (NYSE:FIGS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 12.8% during the third quarter, Holdings Channel reports. The firm owned 16,300 shares of the company’s stock after selling 2,388 shares during the quarter. Victory Capital Management Inc.’s holdings in FIGS were worth $111,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of FIGS. Squarepoint Ops LLC raised its holdings in shares of FIGS by 318.1% during the second quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock worth $8,081,000 after purchasing an additional 1,153,481 shares during the period. Rice Hall James & Associates LLC acquired a new stake in shares of FIGS during the second quarter worth $3,856,000. Millennium Management LLC grew its position in shares of FIGS by 296.4% during the second quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock worth $3,323,000 after acquiring an additional 466,252 shares during the last quarter. Algert Global LLC grew its position in shares of FIGS by 175.4% during the second quarter. Algert Global LLC now owns 638,306 shares of the company’s stock worth $3,402,000 after acquiring an additional 406,556 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of FIGS by 16.2% during the second quarter. Bank of New York Mellon Corp now owns 2,307,304 shares of the company’s stock worth $12,298,000 after acquiring an additional 322,358 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FIGS shares. Barclays lowered their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. The Goldman Sachs Group upped their price target on shares of FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research report on Friday, August 9th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 price target on shares of FIGS in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.40.

FIGS Trading Up 1.0 %

FIGS stock opened at $5.19 on Monday. The firm’s 50-day moving average is $5.96 and its two-hundred day moving average is $5.70. The company has a market capitalization of $881.31 million, a price-to-earnings ratio of 86.50, a price-to-earnings-growth ratio of 249.12 and a beta of 1.44. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.98.

FIGS Company 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.