FIGS, Inc. (NYSE:FIGS – Get Free Report) has earned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.9286.
Several equities research analysts recently commented on the stock. BTIG Research reiterated a “buy” rating and set a $20.00 target price on shares of FIGS in a research report on Friday, April 24th. Weiss Ratings cut shares of FIGS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Zacks Research downgraded shares of FIGS from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. KeyCorp reiterated an “overweight” rating on shares of FIGS in a report on Tuesday, June 23rd. Finally, Morgan Stanley boosted their price objective on shares of FIGS from $8.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, April 13th.
Read Our Latest Report on FIGS
Insider Buying and Selling at FIGS
Hedge Funds Weigh In On FIGS
A number of hedge funds and other institutional investors have recently made changes to their positions in FIGS. Elevated Capital Advisors LLC bought a new stake in FIGS in the fourth quarter valued at approximately $45,000. Quarry LP increased its position in FIGS by 1,876.3% during the 3rd quarter. Quarry LP now owns 7,846 shares of the company’s stock valued at $52,000 after purchasing an additional 7,449 shares during the period. Hudson Bay Capital Management LP bought a new position in FIGS during the 2nd quarter worth approximately $61,000. Walleye Capital LLC bought a new position in FIGS during the 2nd quarter worth approximately $65,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of FIGS in the 4th quarter worth approximately $69,000. 92.21% of the stock is owned by institutional investors and hedge funds.
FIGS Trading Up 2.9%
Shares of FIGS stock opened at $9.51 on Friday. The business’s 50-day moving average price is $11.16 and its 200-day moving average price is $12.57. FIGS has a 12 month low of $6.07 and a 12 month high of $17.48. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 43.22 and a beta of 1.01.
FIGS (NYSE:FIGS – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. FIGS had a return on equity of 9.69% and a net margin of 6.10%.The company had revenue of $159.90 million for the quarter, compared to analysts’ expectations of $153.15 million. FIGS’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, sell-side analysts predict that FIGS will post 0.26 earnings per share for the current fiscal year.
FIGS Company Profile
FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.
Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.
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