Landscape Capital Management L.L.C. Purchases 289,317 Shares of FIGS, Inc. (NYSE:FIGS)

Landscape Capital Management L.L.C. grew its holdings in FIGS, Inc. (NYSE:FIGS) by 53.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 829,173 shares of the company’s stock after purchasing an additional 289,317 shares during the period. FIGS makes up about 0.6% of Landscape Capital Management L.L.C.’s holdings, making the stock its 25th biggest position. Landscape Capital Management L.L.C. owned about 0.49% of FIGS worth $5,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dakota Wealth Management purchased a new position in FIGS during the second quarter valued at approximately $57,000. Verus Capital Partners LLC bought a new stake in FIGS during the second quarter valued at $79,000. Janney Montgomery Scott LLC raised its stake in FIGS by 23.6% in the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after purchasing an additional 3,247 shares in the last quarter. Creative Planning lifted its holdings in shares of FIGS by 17.7% during the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in FIGS in the third quarter worth $104,000. 92.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lowered their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price objective on shares of FIGS in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group upped their target price on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.40.

FIGS Stock Down 5.7 %

Shares of NYSE FIGS opened at $4.67 on Thursday. The firm’s fifty day moving average is $6.03 and its 200 day moving average is $5.72. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.98. The company has a market cap of $793.01 million, a price-to-earnings ratio of 77.83, a PEG ratio of 237.60 and a beta of 1.44.

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.