Northern Trust Corp Acquires 69,522 Shares of FIGS, Inc. (NYSE:FIGS)

Northern Trust Corp boosted its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,273,290 shares of the company’s stock after purchasing an additional 69,522 shares during the quarter. Northern Trust Corp owned about 0.75% of FIGS worth $7,882,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FIGS. Sugar Maple Asset Management LLC bought a new stake in shares of FIGS in the 4th quarter worth approximately $43,000. Blue Trust Inc. lifted its position in shares of FIGS by 380.0% in the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company’s stock worth $51,000 after acquiring an additional 5,864 shares during the period. Stifel Financial Corp bought a new stake in shares of FIGS in the 4th quarter worth approximately $70,000. Cibc World Markets Corp bought a new stake in shares of FIGS in the 4th quarter worth approximately $75,000. Finally, Senvest Management LLC bought a new stake in shares of FIGS in the 4th quarter worth approximately $84,000. Institutional investors own 92.21% of the company’s stock.

FIGS Price Performance

Shares of FIGS stock opened at $4.68 on Monday. The firm has a market cap of $759.78 million, a price-to-earnings ratio of 77.92, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20. The stock’s 50-day moving average is $4.35 and its 200-day moving average is $5.11. FIGS, Inc. has a one year low of $3.57 and a one year high of $7.06.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FIGS shares. Telsey Advisory Group reissued a “market perform” rating and issued a $5.00 target price on shares of FIGS in a report on Tuesday, May 13th. Morgan Stanley dropped their target price on FIGS from $4.75 to $4.25 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Barclays reissued a “positive” rating on shares of FIGS in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group cut their price objective on FIGS from $4.25 to $3.75 and set a “sell” rating for the company in a research report on Tuesday, April 22nd.

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.