Nuveen Asset Management LLC Lowers Stock Position in FIGS, Inc. (NYSE:FIGS)

Nuveen Asset Management LLC lessened its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 80.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 344,615 shares of the company’s stock after selling 1,375,164 shares during the period. Nuveen Asset Management LLC’s holdings in FIGS were worth $2,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of FIGS by 395.3% in the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after acquiring an additional 6,099 shares in the last quarter. Stifel Financial Corp purchased a new stake in FIGS in the fourth quarter worth about $70,000. Cibc World Markets Corp bought a new position in shares of FIGS during the fourth quarter valued at approximately $75,000. Senvest Management LLC purchased a new position in shares of FIGS during the fourth quarter valued at approximately $84,000. Finally, Lane & Associates LLC purchased a new position in shares of FIGS during the fourth quarter valued at approximately $86,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

FIGS Trading Up 0.1%

FIGS stock opened at $4.36 on Tuesday. The stock’s 50 day simple moving average is $4.31 and its 200 day simple moving average is $5.02. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.06. The stock has a market capitalization of $707.91 million, a PE ratio of 72.58, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20.

Analyst Ratings Changes

Several analysts recently weighed in on FIGS shares. Barclays restated a “positive” rating on shares of FIGS in a research note on Tuesday, May 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $5.00 target price on shares of FIGS in a research note on Tuesday, May 13th. The Goldman Sachs Group reduced their price target on FIGS from $4.25 to $3.75 and set a “sell” rating for the company in a report on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price target on shares of FIGS from $4.75 to $4.25 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th.

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.