Fintel reports that Franklin Resources has filed a 13G/A form with the SEC disclosing ownership of 6.32MM shares of FIGS, Inc. (FIGS). This represents 4.0% of the company.
In their previous filing dated February 3, 2022 they reported 8.33MM shares and 5.50% of the company, a decrease in shares of 24.15% and a decrease in total ownership of 1.50% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 5.05% Upside
As of January 31, 2023, the average one-year price target for FIGS is $8.86. The forecasts range from a low of $5.56 to a high of $12.60. The average price target represents an increase of 5.05% from its latest reported closing price of $8.43.
The projected annual revenue for FIGS is $580MM, an increase of 18.43%. The projected annual EPS is $0.16, a decrease of 15.08%.
Fund Sentiment
There are 443 funds or institutions reporting positions in FIGS. This is a decrease of 38 owner(s) or 7.90%.
Average portfolio weight of all funds dedicated to US:FIGS is 0.1487%, a decrease of 9.9113%. Total shares owned by institutions increased in the last three months by 16.87% to 175,302K shares.
What are large shareholders doing?
Bamco holds 15,717,196 shares representing 9.47% ownership of the company. In it's prior filing, the firm reported owning 2,400,402 shares, representing an increase of 84.73%. The firm increased its portfolio allocation in FIGS by 496.45% over the last quarter.
Macquarie Group holds 13,289,241 shares representing 8.01% ownership of the company. In it's prior filing, the firm reported owning 9,213,314 shares, representing an increase of 30.67%. The firm decreased its portfolio allocation in FIGS by 47.03% over the last quarter.
DFCIX - Delaware Smid Cap Growth Fund holds 7,871,224 shares representing 4.74% ownership of the company. In it's prior filing, the firm reported owning 5,926,148 shares, representing an increase of 24.71%. The firm increased its portfolio allocation in FIGS by 21.82% over the last quarter.
BPTRX - Baron Partners Fund holds 7,000,000 shares representing 4.22% ownership of the company.
Guggenheim Capital holds 5,681,497 shares representing 3.42% ownership of the company. No change in the last quarter.
Figs Background Information
(This description is provided by the company.)
FIGS is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower and serve current and future generations of healthcare professionals. The company creates technically advanced apparel and products for healthcare professionals that feature an unmatched combination of comfort, durability, function and style. FIGS markets and sells its products directly through its digital platform to provide a seamless experience for healthcare professionals.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
