Black Creek Investment Management Inc. Purchases 92,743 Shares of FIGS, Inc. (NYSE:FIGS)

Black Creek Investment Management Inc. boosted its position in FIGS, Inc. (NYSE:FIGS) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,175,097 shares of the company’s stock after acquiring an additional 92,743 shares during the period. FIGS accounts for approximately 0.3% of Black Creek Investment Management Inc.’s portfolio, making the stock its 22nd largest holding. Black Creek Investment Management Inc. owned approximately 0.69% of FIGS worth $7,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. DRW Securities LLC purchased a new position in shares of FIGS in the fourth quarter valued at $223,000. Legal & General Group Plc lifted its holdings in shares of FIGS by 5.4% in the fourth quarter. Legal & General Group Plc now owns 126,338 shares of the company’s stock worth $782,000 after buying an additional 6,416 shares in the last quarter. Invesco Ltd. boosted its position in shares of FIGS by 2.7% in the fourth quarter. Invesco Ltd. now owns 145,734 shares of the company’s stock valued at $902,000 after acquiring an additional 3,879 shares during the period. Wells Fargo & Company MN grew its stake in FIGS by 298.7% during the fourth quarter. Wells Fargo & Company MN now owns 969,271 shares of the company’s stock valued at $6,000,000 after acquiring an additional 726,169 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in FIGS during the 4th quarter worth approximately $214,000. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

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

FIGS Price Performance

Shares of FIGS opened at $4.29 on Friday. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $7.06. The company has a market capitalization of $696.40 million, a P/E ratio of 71.42, a P/E/G ratio of 31.62 and a beta of 1.18. The firm’s 50 day simple moving average is $4.79 and its 200 day simple moving average is $5.49.

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.