FIGS (NYSE:FIGS) Stock Price Expected to Rise, Barclays Analyst Says

FIGS (NYSE:FIGS) had its price objective hoisted by Barclays from $4.00 to $5.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages also recently weighed in on FIGS. Morgan Stanley reduced their price target on shares of FIGS from $4.75 to $4.25 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $5.00 price target on shares of FIGS in a report on Tuesday. Finally, The Goldman Sachs Group reduced their price target on shares of FIGS from $4.25 to $3.75 and set a “sell” rating for the company in a report on Tuesday, April 22nd.

FIGS Trading Up 0.9%

NYSE FIGS opened at $4.66 on Tuesday. The company has a fifty day simple moving average of $4.35 and a 200 day simple moving average of $5.14. The company has a market cap of $757.34 million, a P/E ratio of 77.67, a P/E/G ratio of 31.62 and a beta of 1.20. FIGS has a 1 year low of $3.57 and a 1 year high of $7.06.

Hedge Funds Weigh In On FIGS

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of FIGS by 585.8% during the 1st quarter. GAMMA Investing LLC now owns 6,536 shares of the company’s stock worth $30,000 after acquiring an additional 5,583 shares during the period. Sugar Maple Asset Management LLC bought a new position in shares of FIGS during the 4th quarter worth about $43,000. Blue Trust Inc. lifted its holdings in shares of FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after acquiring an additional 6,099 shares during the period. Teacher Retirement System of Texas bought a new position in shares of FIGS during the 1st quarter worth about $66,000. Finally, Stifel Financial Corp bought a new position in shares of FIGS during the 4th quarter worth about $70,000. 92.21% of the stock is owned by institutional investors.

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.