JPMorgan Chase & Co. Lowers Stock Position in FIGS, Inc. (NYSE:FIGS)

JPMorgan Chase & Co. decreased its position in FIGS, Inc. (NYSE:FIGS) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 521,826 shares of the company’s stock after selling 76,202 shares during the period. JPMorgan Chase & Co. owned about 0.31% of FIGS worth $3,230,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FIGS. State Street Corp raised its holdings in FIGS by 1.4% in the 3rd quarter. State Street Corp now owns 2,743,494 shares of the company’s stock worth $18,765,000 after purchasing an additional 38,787 shares during the period. Barclays PLC grew 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 during the period. Geode Capital Management LLC increased its holdings in FIGS by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock worth $20,369,000 after acquiring an additional 109,979 shares in the last quarter. Franklin Resources Inc. raised its position in FIGS by 3.4% during the third quarter. Franklin Resources Inc. now owns 1,120,304 shares of the company’s stock worth $7,461,000 after acquiring an additional 36,697 shares during the period. Finally, Sugar Maple Asset Management LLC purchased a new position in FIGS during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on FIGS shares. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price target on shares of FIGS in a research report on Friday, February 28th. Morgan Stanley lowered their price target on FIGS from $4.75 to $4.25 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.30.

FIGS Trading Down 3.8 %

Shares of NYSE FIGS opened at $3.81 on Tuesday. The stock has a market cap of $619.20 million, a PE ratio of 63.50, a P/E/G ratio of 31.62 and a beta of 1.18. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.06. The company has a 50-day moving average of $4.64 and a 200 day moving average of $5.37.

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.