FIGS, Inc. (NYSE:FIGS – Get Free Report) shares reached a new 52-week high on Tuesday. The company traded as high as $20.88 and last traded at $20.1940, with a volume of 54,092 shares trading hands. The stock had previously closed at $20.83.
Wall Street Analysts Forecast Growth
Several analysts recently commented on FIGS shares. Telsey Advisory Group lowered their target price on FIGS from $17.00 to $16.00 and set a “market perform” rating on the stock in a research report on Friday, August 7th. KeyCorp boosted their price target on FIGS from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings upgraded FIGS from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Roth Capital reissued a “buy” rating on shares of FIGS in a research note on Friday, August 7th. Finally, Barclays raised their price target on FIGS from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.71.
View Our Latest Analysis on FIGS
FIGS Stock Performance
The firm has a 50 day moving average price of $15.49 and a two-hundred day moving average price of $13.32. The firm has a market capitalization of $3.42 billion, a P/E ratio of 62.39 and a beta of 1.06.
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 the consensus estimate of $0.07 by $0.08. The business had revenue of $196.62 million during the quarter, compared to the consensus estimate of $186.17 million. FIGS had a net margin of 8.72% and a return on equity of 12.53%. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. Equities research analysts forecast that FIGS, Inc. will post 0.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On FIGS
Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in shares of FIGS during the 2nd quarter worth $41,000. Sterling Capital Management LLC raised its holdings in shares of FIGS by 848.2% during the 3rd quarter. Sterling Capital Management LLC now owns 3,167 shares of the company’s stock valued at $44,000 after purchasing an additional 2,833 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of FIGS by 120.2% during the 2nd quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock valued at $45,000 after purchasing an additional 2,396 shares in the last quarter. OP Asset Management Ltd bought a new position in shares of FIGS during the 1st quarter valued at $115,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of FIGS in the 3rd quarter valued at $116,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.
FIGS Company Profile
FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing and accessories for healthcare professionals. Its product portfolio includes scrubs, underscrubs, outerwear, footwear, bags and other accessories intended to combine functionality, comfort and contemporary design.
The company sells primarily through its digital platform and also operates retail locations and other distribution channels. FIGS serves healthcare professionals in the United States and select international markets, including Canada, the United Kingdom and Australia.
FIGS was founded in 2013 by Heather Hasson and Trina Spear.
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