KLP Kapitalforvaltning AS Acquires Shares of 23,800 FIGS, Inc. (NYSE:FIGS)

KLP Kapitalforvaltning AS bought a new position in FIGS, Inc. (NYSE:FIGS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 23,800 shares of the company’s stock, valued at approximately $147,000.

A number of other institutional investors also recently modified their holdings of FIGS. FMR LLC raised its position in FIGS by 0.3% during the third quarter. FMR LLC now owns 1,155,092 shares of the company’s stock valued at $7,901,000 after purchasing an additional 3,000 shares in the last quarter. Blue Trust Inc. boosted its position in FIGS by 380.0% during the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company’s stock valued at $51,000 after acquiring an additional 5,864 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of FIGS during the 4th quarter worth approximately $43,000. Cibc World Markets Corp bought a new position in shares of FIGS in the 4th quarter worth approximately $75,000. Finally, Lane & Associates LLC purchased a new position in shares of FIGS in the 4th quarter valued at approximately $86,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

FIGS Stock Performance

Shares of FIGS opened at $4.00 on Thursday. FIGS, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $7.06. The firm’s 50-day simple moving average is $4.84 and its two-hundred day simple moving average is $5.53. The stock has a market cap of $649.27 million, a PE ratio of 66.58, a price-to-earnings-growth ratio of 31.62 and a beta of 1.18.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 price target on shares of FIGS in a research note on Friday, February 28th.

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.