Invesco Ltd. Purchases 3,879 Shares of FIGS, Inc. (NYSE:FIGS)

Invesco Ltd. boosted its position in shares of FIGS, Inc. (NYSE:FIGS) by 2.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 145,734 shares of the company’s stock after buying an additional 3,879 shares during the quarter. Invesco Ltd. owned approximately 0.09% of FIGS worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of FIGS in the fourth quarter worth about $12,152,000. Bank of New York Mellon Corp lifted its holdings in FIGS by 83.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company’s stock worth $14,331,000 after buying an additional 1,052,384 shares during the period. Wells Fargo & Company MN grew its position in shares of FIGS by 298.7% in the 4th quarter. Wells Fargo & Company MN now owns 969,271 shares of the company’s stock worth $6,000,000 after buying an additional 726,169 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of FIGS by 165.4% during the third quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company’s stock valued at $4,091,000 after buying an additional 372,693 shares during the period. Finally, Barclays PLC lifted its stake in FIGS by 152.5% in the third quarter. Barclays PLC now owns 286,974 shares of the company’s stock worth $1,963,000 after acquiring an additional 173,316 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

FIGS has been the subject of several research reports. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a report on Friday, February 28th. Morgan Stanley lowered their price objective 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. Finally, The Goldman Sachs Group reduced their target price on FIGS from $4.25 to $3.75 and set a “sell” rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.15.

FIGS Price Performance

Shares of NYSE:FIGS opened at $4.04 on Friday. The business has a fifty day moving average price of $4.41 and a 200-day moving average price of $5.25. The company has a market capitalization of $655.77 million, a PE ratio of 67.25, a PEG ratio of 31.62 and a beta of 1.18. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $7.06.

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.