FIGS (NYSE:FIGS) Shares Down 6.3% – Here’s Why

Posted by Brenda Bartman on Sep 23rd, 2026

Shares of FIGS, Inc. (NYSE:FIGS – Get Free Report) traded down 6.3% on Wednesday . The company traded as low as $12.40 and last traded at $12.14. Approximately 96,938 shares were traded during mid-day trading, a decline of 97% from the average session volume of 3,200,978 shares. The stock had previously closed at $12.95.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIGS. Weiss Ratings upgraded FIGS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. The Goldman Sachs Group reiterated a “neutral” rating and set a $16.00 price target on shares of FIGS in a report on Friday, August 7th. Roth Capital reiterated a “buy” rating on shares of FIGS in a research note on Friday, August 7th. Telsey Advisory Group dropped their price objective on shares of FIGS from $17.00 to $16.00 and set a “market perform” rating for the company in a research note on Friday, August 7th. Finally, Barclays upped their price target on shares of FIGS from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, FIGS has an average rating of “Moderate Buy” and a consensus target price of $18.71.

View Our Latest Analysis on FIGS

FIGS Stock Performance

The stock’s fifty day moving average is $12.91 and its two-hundred day moving average is $13.09. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 36.95 and a beta of 1.07.

FIGS (NYSE:FIGS – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $196.62 million during the quarter, compared to the consensus estimate of $186.17 million. FIGS had a return on equity of 12.53% and a net margin of 8.72%.FIGS’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 earnings per share. Sell-side analysts anticipate that FIGS, Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On FIGS

Several institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new stake in FIGS in the 2nd quarter valued at approximately $41,000. IFP Advisors Inc lifted its holdings in shares of FIGS by 120.2% during the second quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock worth $45,000 after buying an additional 2,396 shares during the last quarter. OP Asset Management Ltd bought a new stake in shares of FIGS in the first quarter valued at approximately $115,000. R Squared Ltd boosted its position in shares of FIGS by 42.0% in the first quarter. R Squared Ltd now owns 15,009 shares of the company’s stock valued at $222,000 after acquiring an additional 4,436 shares during the period. Finally, Archer Investment Corp acquired a new stake in shares of FIGS in the first quarter worth $239,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

About FIGS

(Get Free Report)

FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing, footwear and accessories for healthcare professionals. Its product portfolio includes medical scrubs, scrub jackets, lab coats, underscrubs, outerwear, shoes, bags and other work-related accessories.

The company markets its products through its digital platform, retail locations and selected wholesale channels. FIGS emphasizes technical fabrics, comfort, functionality and contemporary styling, seeking to provide alternatives to traditional medical uniforms for nurses, physicians and other healthcare workers.

FIGS was founded in 2013 by Heather Hasson and Trina Spear and is headquartered in Santa Monica, California.