Connable Office Inc. Boosts Stock Holdings in FIGS, Inc. (NYSE:FIGS)

Connable Office Inc. increased its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 77.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,532 shares of the company’s stock after purchasing an additional 22,980 shares during the period. Connable Office Inc.’s holdings in FIGS were worth $359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in shares of FIGS by 23.6% during the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after buying an additional 3,247 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of FIGS by 26.6% during the 1st quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock worth $3,817,000 after acquiring an additional 161,249 shares during the period. Vanguard Group Inc. lifted its holdings in FIGS by 1.7% in the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after acquiring an additional 206,673 shares during the last quarter. Quadrature Capital Ltd purchased a new position in FIGS during the first quarter worth about $129,000. Finally, Price T Rowe Associates Inc. MD raised its position in FIGS by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock valued at $316,000 after purchasing an additional 4,038 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FIGS. The Goldman Sachs Group lifted their price target on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a report on Friday, August 9th. Barclays reduced their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 target price on shares of FIGS in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, FIGS has an average rating of “Hold” and an average target price of $5.40.

FIGS Price Performance

Shares of FIGS stock opened at $5.01 on Friday. The firm has a fifty day moving average of $6.07 and a two-hundred day moving average of $5.72. FIGS, Inc. has a 1-year low of $4.30 and a 1-year high of $7.98. The firm has a market cap of $856.01 million, a P/E ratio of 83.50, a P/E/G ratio of 242.88 and a beta of 1.44.

FIGS 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.