D. E. Shaw & Co. Inc. Sells 311,476 Shares of FIGS, Inc. (NYSE:FIGS)

D. E. Shaw & Co. Inc. lessened its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 48.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,607 shares of the company’s stock after selling 311,476 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.20% of FIGS worth $2,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new stake in FIGS during the 4th quarter valued at $43,000. Blue Trust Inc. boosted its holdings in FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after acquiring an additional 6,099 shares during the last quarter. Stifel Financial Corp purchased a new position in FIGS during the 4th quarter worth $70,000. Cibc World Markets Corp purchased a new position in FIGS during the 4th quarter worth $75,000. Finally, Senvest Management LLC purchased a new position in FIGS during the 4th quarter worth $84,000. Institutional investors own 92.21% of the company’s stock.

FIGS Trading Up 0.7%

FIGS stock opened at $4.59 on Wednesday. The company’s 50 day moving average is $4.34 and its 200 day moving average is $5.09. The stock has a market cap of $745.97 million, a price-to-earnings ratio of 76.50, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $7.06.

Wall Street Analyst Weigh In

FIGS has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of FIGS from $4.75 to $4.25 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Telsey Advisory Group reiterated a “market perform” rating and set a $5.00 price target on shares of FIGS in a research report on Tuesday, May 13th. Barclays restated a “positive” rating on shares of FIGS in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of FIGS from $4.25 to $3.75 and set a “sell” rating on the stock in a research report on Tuesday, April 22nd.

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.