FIGS (NYSE:FIGS – Get Free Report) had its price objective cut by stock analysts at Telsey Advisory Group from $17.00 to $16.00 in a note issued to investors on Friday. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 43.07% from the stock’s current price.
FIGS has been the topic of several other research reports. Weiss Ratings cut shares of FIGS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. BTIG Research boosted their price objective on FIGS from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday. Barclays increased their target price on shares of FIGS from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday. KeyCorp reaffirmed an “overweight” rating and issued a $20.00 price target on shares of FIGS in a research note on Friday. Finally, Zacks Research cut FIGS from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $17.50.
Read Our Latest Stock Report on FIGS
FIGS Stock Up 2.4%
FIGS (NYSE:FIGS – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $153.15 million. FIGS had a net margin of 6.10% and a return on equity of 9.69%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. On average, equities research analysts anticipate that FIGS will post 0.26 EPS for the current fiscal year.
Institutional Trading of FIGS
A number of institutional investors and hedge funds have recently modified their holdings of the business. Elevated Capital Advisors LLC purchased a new stake in shares of FIGS during the 4th quarter valued at about $45,000. Kemnay Advisory Services Inc. purchased a new stake in FIGS in the fourth quarter worth about $69,000. OP Asset Management Ltd bought a new stake in FIGS during the 1st quarter worth approximately $115,000. Quarry LP boosted its position in shares of FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after purchasing an additional 7,449 shares during the period. Finally, May Hill Capital LLC bought a new position in shares of FIGS in the fourth quarter worth approximately $117,000. Institutional investors own 92.21% of the company’s stock.
More FIGS News
Here are the key news stories impacting FIGS this week:
- Positive Sentiment: Q2 results beat estimates: FIGS reported earnings of $0.15 per share versus the $0.07 consensus estimate, up from $0.04 a year earlier. Revenue reached $196.6 million, exceeding the $186.2 million estimate and increasing 28.8% year over year. FIGS Releases Second Quarter 2026 Financial Results
- Positive Sentiment: Full-year revenue outlook is above expectations: FIGS issued fiscal 2026 revenue guidance of approximately $757.3 million, above the $729.1 million analyst consensus. The outlook suggests continued demand momentum and supports expectations for further growth.
- Positive Sentiment: BTIG raised its price target and rating: BTIG Research increased its FIGS price target from $20 to $22 and initiated or reaffirmed a “Buy” rating. The target represents substantial potential upside from the referenced $11.18 share price, although analyst targets are not guarantees. Benzinga analyst update
- Neutral Sentiment: Investors should continue monitoring margins: Ahead of the results, analysts noted that tariffs and freight costs could pressure profitability. While the quarter showed strong earnings improvement, these costs remain potential risks to future margins.
About FIGS
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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