Nuveen Asset Management LLC Trims Stock Position in FIGS, Inc. (NYSE:FIGS)

Nuveen Asset Management LLC reduced its holdings in FIGS, Inc. (NYSE:FIGS) by 80.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 344,615 shares of the company’s stock after selling 1,375,164 shares during the quarter. Nuveen Asset Management LLC owned 0.20% of FIGS worth $2,133,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FIGS. The Goldman Sachs Group cut their target price on FIGS from $4.25 to $3.75 and set a “sell” rating on the stock in a research note on Tuesday, April 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price objective on shares of FIGS in a research report on Tuesday, May 13th. Morgan Stanley decreased 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. Finally, Barclays reaffirmed a “positive” rating on shares of FIGS in a research note on Tuesday, May 13th.

FIGS Price Performance

FIGS stock opened at $4.36 on Tuesday. FIGS, Inc. has a 1 year low of $3.57 and a 1 year high of $7.06. The firm has a 50-day moving average of $4.31 and a 200 day moving average of $5.02. The company has a market cap of $707.91 million, a P/E ratio of 72.58, a PEG ratio of 31.62 and a beta of 1.20.

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.