FIGS (NYSE:FIGS) Price Target Raised to $5.00

FIGS (NYSE:FIGS) had its target price upped by Barclays from $4.00 to $5.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research analysts have also weighed in on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price objective on shares of FIGS in a research note on Tuesday. The Goldman Sachs Group dropped their price objective on shares of FIGS from $4.25 to $3.75 and set a “sell” rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price target on shares of FIGS from $4.75 to $4.25 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th.

FIGS Stock Performance

FIGS stock opened at $4.66 on Tuesday. The firm has a market cap of $757.34 million, a PE ratio of 77.67, a P/E/G ratio of 31.62 and a beta of 1.20. The firm’s 50 day moving average price is $4.35 and its two-hundred day moving average price is $5.14. FIGS has a twelve month low of $3.57 and a twelve month high of $7.06.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of FIGS by 585.8% during the 1st quarter. GAMMA Investing LLC now owns 6,536 shares of the company’s stock worth $30,000 after purchasing an additional 5,583 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of FIGS during the 4th quarter worth $43,000. Blue Trust Inc. increased its stake in shares of 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 during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of FIGS during the 1st quarter worth $66,000. Finally, Stifel Financial Corp bought a new stake in shares of FIGS during the 4th quarter worth $70,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.