Geode Capital Management LLC Has $18.36 Million Holdings in FIGS, Inc. (NYSE:FIGS)

Geode Capital Management LLC lowered its stake in shares of FIGS, Inc. (NYSE:FIGS) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,965,337 shares of the company’s stock after selling 12,027 shares during the quarter. Geode Capital Management LLC owned approximately 1.75% of FIGS worth $18,360,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of FIGS in the 4th quarter valued at $12,152,000. Bank of New York Mellon Corp lifted its stake in FIGS by 83.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company’s stock valued at $14,331,000 after buying an additional 1,052,384 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of FIGS by 165.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company’s stock valued at $4,091,000 after purchasing an additional 372,693 shares during the period. Barclays PLC lifted its stake in FIGS by 152.5% in the 3rd quarter. Barclays PLC now owns 286,974 shares of the company’s stock valued at $1,963,000 after acquiring an additional 173,316 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in FIGS by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company’s stock valued at $79,230,000 after purchasing an additional 153,836 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FIGS. Morgan Stanley cut their price objective on FIGS from $4.75 to $4.25 and set an “equal weight” rating for the company in a report on Thursday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 target price on shares of FIGS in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.30.

FIGS Stock Performance

NYSE FIGS opened at $3.96 on Friday. The company has a market capitalization of $642.77 million, a PE ratio of 65.92, a price-to-earnings-growth ratio of 31.62 and a beta of 1.18. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $7.06. The company has a 50-day simple moving average of $4.66 and a 200 day simple moving average of $5.40.

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.