Black Creek Investment Management Inc. Boosts Stock Holdings in FIGS, Inc. (NYSE:FIGS)

Black Creek Investment Management Inc. lifted its position in FIGS, Inc. (NYSE:FIGS - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,175,097 shares of the company's stock after acquiring an additional 92,743 shares during the quarter. FIGS accounts for approximately 0.3% of Black Creek Investment Management Inc.'s investment portfolio, making the stock its 22nd largest holding. Black Creek Investment Management Inc. owned approximately 0.69% of FIGS worth $7,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new stake in shares of FIGS during the 4th quarter worth $223,000. Legal & General Group Plc raised its stake in shares of FIGS by 5.4% during the 4th quarter. Legal & General Group Plc now owns 126,338 shares of the company's stock worth $782,000 after acquiring an additional 6,416 shares in the last quarter. Invesco Ltd. lifted its position in FIGS by 2.7% during the fourth quarter. Invesco Ltd. now owns 145,734 shares of the company's stock valued at $902,000 after acquiring an additional 3,879 shares during the last quarter. Wells Fargo & Company MN boosted its stake in FIGS by 298.7% in the fourth quarter. Wells Fargo & Company MN now owns 969,271 shares of the company's stock valued at $6,000,000 after acquiring an additional 726,169 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of FIGS during the fourth quarter worth $214,000. 92.21% of the stock is currently owned by institutional investors.

FIGS Stock Performance

Shares of FIGS stock traded down $0.13 during trading on Friday, hitting $3.96. 1,038,403 shares of the company's stock were exchanged, compared to its average volume of 2,927,707. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $7.06. The stock has a market capitalization of $642.77 million, a price-to-earnings ratio of 65.92, a PEG ratio of 31.62 and a beta of 1.18. The business has a 50-day simple moving average of $4.69 and a 200-day simple moving average of $5.43.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FIGS. Telsey Advisory Group restated a "market perform" rating and set a $7.00 price objective on shares of FIGS in a report on Friday, February 28th. Morgan Stanley dropped their price objective on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, FIGS currently has a consensus rating of "Hold" and an average price target of $5.30.

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.