Deutsche Bank AG Increases Stake in FIGS, Inc. (NYSE:FIGS)

Deutsche Bank AG boosted its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 159.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,415 shares of the company’s stock after buying an additional 162,561 shares during the quarter. Deutsche Bank AG owned 0.16% of FIGS worth $1,637,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake 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 purchasing an additional 6,099 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of FIGS in the 4th quarter valued at about $70,000. Cibc World Markets Corp acquired a new position in shares of FIGS during the fourth quarter worth about $75,000. Senvest Management LLC purchased a new stake in shares of FIGS during the fourth quarter worth approximately $84,000. Finally, Lane & Associates LLC acquired a new stake in FIGS in the fourth quarter valued at approximately $86,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIGS has been the subject of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $5.00 price target on shares of FIGS in a report on Tuesday, May 13th. Morgan Stanley lowered their target price on shares of FIGS from $4.75 to $4.25 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Barclays restated a “positive” rating on shares of FIGS in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group lowered 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.

FIGS Trading Down 2.8%

Shares of NYSE:FIGS opened at $4.40 on Friday. The firm has a 50 day simple moving average of $4.34 and a 200-day simple moving average of $5.07. FIGS, Inc. has a twelve month low of $3.57 and a twelve month high of $7.06. The company has a market capitalization of $714.28 million, a PE ratio of 73.25, a P/E/G ratio of 31.62 and a beta of 1.20.

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.