Strs Ohio Sells 13,600 Shares of FIGS, Inc. (NYSE:FIGS)

Strs Ohio lessened its stake in shares of FIGS, Inc. (NYSE:FIGSGet Rating) by 26.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,200 shares of the company’s stock after selling 13,600 shares during the period. Strs Ohio’s holdings in FIGS were worth $315,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of FIGS. Raymond James & Associates grew its holdings in FIGS by 12.8% during the first quarter. Raymond James & Associates now owns 9,970 shares of the company’s stock valued at $215,000 after purchasing an additional 1,129 shares during the period. Bank of New York Mellon Corp grew its holdings in FIGS by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 248,047 shares of the company’s stock valued at $5,338,000 after purchasing an additional 2,126 shares during the period. Citigroup Inc. lifted its position in shares of FIGS by 30.3% in the first quarter. Citigroup Inc. now owns 9,503 shares of the company’s stock valued at $204,000 after acquiring an additional 2,211 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of FIGS in the first quarter valued at about $51,000. Finally, BlackRock Inc. lifted its position in shares of FIGS by 1.7% in the first quarter. BlackRock Inc. now owns 4,370,119 shares of the company’s stock valued at $94,045,000 after acquiring an additional 71,590 shares in the last quarter.

FIGS Price Performance

Shares of FIGS stock opened at $7.83 on Friday. FIGS, Inc. has a 1 year low of $5.55 and a 1 year high of $23.93. The stock’s 50 day simple moving average is $7.15 and its two-hundred day simple moving average is $8.80. The company has a market cap of $1.30 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 30.49 and a beta of 1.40.

FIGS (NYSE:FIGSGet Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. FIGS had a return on equity of 14.64% and a net margin of 6.21%. The business had revenue of $128.59 million for the quarter, compared to the consensus estimate of $128.07 million. Equities research analysts expect that FIGS, Inc. will post 0.11 EPS for the current year.

Analyst Upgrades and Downgrades

FIGS has been the topic of several research analyst reports. Barclays lowered their price objective on FIGS from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, November 14th. The Goldman Sachs Group lowered their price objective on FIGS from $7.50 to $5.50 and set a “sell” rating on the stock in a research report on Monday, November 14th. Morgan Stanley lowered their price objective on FIGS from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Friday, November 11th. Piper Sandler lowered their price objective on FIGS to $10.00 in a research report on Wednesday, November 16th. Finally, Cowen decreased their target price on FIGS to $6.00 in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, FIGS has a consensus rating of “Hold” and an average price target of $13.43.

About FIGS

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FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets.

Further Reading

Want to see what other hedge funds are holding FIGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FIGS, Inc. (NYSE:FIGSGet Rating).

Institutional Ownership by Quarter for FIGS (NYSE:FIGS)

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