Two Sigma Advisers LP Buys New Shares in FIGS, Inc. (NYSE:FIGS)

Two Sigma Advisers LP bought a new stake in shares of FIGS, Inc. (NYSE:FIGS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 143,500 shares of the company’s stock, valued at approximately $888,000. Two Sigma Advisers LP owned about 0.08% of FIGS at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Bamco Inc. NY raised its stake in FIGS by 2.7% during the 4th quarter. Bamco Inc. NY now owns 30,837,759 shares of the company’s stock valued at $190,886,000 after purchasing an additional 807,681 shares during the last quarter. Vanguard Group Inc. raised its stake in FIGS by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company’s stock valued at $79,230,000 after purchasing an additional 153,836 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of FIGS by 37.9% in the 4th quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company’s stock valued at $75,445,000 after buying an additional 3,352,846 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of FIGS by 1.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company’s stock valued at $66,121,000 after buying an additional 110,472 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of FIGS by 23.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company’s stock valued at $26,931,000 after buying an additional 827,149 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

FIGS Stock Performance

FIGS opened at $4.35 on Monday. The firm’s 50-day simple moving average is $4.32 and its 200-day simple moving average is $5.03. FIGS, Inc. has a twelve month low of $3.57 and a twelve month high of $7.06. The firm has a market cap of $707.10 million, a price-to-earnings ratio of 72.50, a PEG ratio of 31.62 and a beta of 1.20.

Wall Street Analyst Weigh In

FIGS has been the subject of a number of recent research reports. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price objective on shares of FIGS in a research note on Tuesday, May 13th. Barclays restated a “positive” rating on shares of FIGS in a research note on Tuesday, May 13th. Morgan Stanley dropped their price objective 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. Finally, The Goldman Sachs Group dropped their price objective on shares of FIGS from $4.25 to $3.75 and set a “sell” rating for the company in a research note 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.