Capital Fund Management S.A. Sells 170,573 Shares of FIGS, Inc. (NYSE:FIGS)

Capital Fund Management S.A. decreased its position in FIGS, Inc. (NYSE:FIGS - Free Report) by 46.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 195,748 shares of the company's stock after selling 170,573 shares during the quarter. Capital Fund Management S.A. owned 0.12% of FIGS worth $1,212,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FIGS. DRW Securities LLC bought a new position in shares of FIGS in the fourth quarter valued at approximately $223,000. Legal & General Group Plc increased its holdings in FIGS by 5.4% during the 4th quarter. Legal & General Group Plc now owns 126,338 shares of the company's stock valued at $782,000 after purchasing an additional 6,416 shares in the last quarter. Invesco Ltd. raised its position in FIGS by 2.7% in the 4th quarter. Invesco Ltd. now owns 145,734 shares of the company's stock valued at $902,000 after purchasing 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 worth $6,000,000 after purchasing an additional 726,169 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of FIGS during the fourth quarter worth $214,000. 92.21% of the stock is owned by institutional investors.

FIGS Stock Performance

FIGS stock traded down $0.13 during midday trading on Friday, reaching $3.96. 1,038,403 shares of the company's stock were exchanged, compared to its average volume of 2,930,103. The stock's 50-day simple moving average is $4.66 and its 200 day simple moving average is $5.41. The firm has a market cap of $642.77 million, a price-to-earnings ratio of 65.92, a P/E/G ratio of 31.62 and a beta of 1.18. FIGS, Inc. has a 52 week low of $3.57 and a 52 week high of $7.06.

Analyst Ratings Changes

FIGS has been the topic of several research reports. Telsey Advisory Group reiterated a "market perform" rating and set a $7.00 price target on shares of FIGS in a research report on Friday, February 28th. Morgan Stanley decreased their price target on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, FIGS has an average rating of "Hold" and an average price target of $5.30.

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.