Teacher Retirement System of Texas Makes New Investment in FIGS, Inc. (NYSE:FIGS)

Teacher Retirement System of Texas acquired a new stake in FIGS, Inc. (NYSE:FIGS) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,480 shares of the company’s stock, valued at approximately $66,000.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of FIGS by 585.8% during the first quarter. GAMMA Investing LLC now owns 6,536 shares of the company’s stock worth $30,000 after acquiring an additional 5,583 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of FIGS during the fourth quarter worth $70,000. Cibc World Markets Corp bought a new stake in shares of FIGS during the fourth quarter worth $75,000. Quantinno Capital Management LP bought a new stake in shares of FIGS during the fourth quarter worth $82,000. Finally, Senvest Management LLC bought a new stake in shares of FIGS during the fourth quarter worth $84,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

FIGS Stock Up 2.3%

Shares of NYSE:FIGS opened at $6.04 on Tuesday. The firm has a market capitalization of $982.29 million, a PE ratio of 604.90 and a beta of 1.32. FIGS, Inc. has a twelve month low of $3.57 and a twelve month high of $7.06. The company has a 50-day moving average price of $5.21 and a two-hundred day moving average price of $5.04.

Analyst Upgrades and Downgrades

FIGS has been the subject of a number of research reports. Telsey Advisory Group restated a “market perform” rating and set a $5.00 target price on shares of FIGS in a research note on Tuesday, May 13th. The Goldman Sachs Group decreased their target price on shares of FIGS from $4.25 to $3.75 and set a “sell” rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley raised their target price on shares of FIGS from $4.25 to $5.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Barclays reissued a “positive” rating on shares of FIGS in a report on Tuesday, May 13th.

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.