FIGS (NYSE:FIGS) Hits New 52-Week Low - What's Next?

FIGS, Inc. (NYSE:FIGS - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $3.57 and last traded at $3.66, with a volume of 366604 shares trading hands. The stock had previously closed at $3.62.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 price target on shares of FIGS in a report on Friday, February 28th.

FIGS Stock Up 0.2 %

The company has a market capitalization of $693.96 million, a P/E ratio of 71.17, a P/E/G ratio of 31.62 and a beta of 1.18. The firm's 50-day moving average price is $4.79 and its 200 day moving average price is $5.48.

Institutional Trading of FIGS

Several institutional investors and hedge funds have recently modified their holdings of FIGS. Ameriprise Financial Inc. lifted its position in shares of FIGS by 37.9% during the 4th quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company's stock worth $75,445,000 after buying an additional 3,352,846 shares in the last quarter. Raymond James Financial Inc. bought a new stake in FIGS during the 4th quarter worth approximately $12,152,000. Bank of New York Mellon Corp increased its holdings in shares of FIGS by 83.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company's stock worth $14,331,000 after purchasing an additional 1,052,384 shares during the period. Dimensional Fund Advisors LP increased its stake in FIGS by 23.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company's stock worth $26,931,000 after acquiring an additional 827,149 shares during the last quarter. Finally, Bamco Inc. NY raised its stake in FIGS by 2.7% in the fourth quarter. Bamco Inc. NY now owns 30,837,759 shares of the company's stock valued at $190,886,000 after purchasing an additional 807,681 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.