FIGS (NYSE:FIGS) Announces Earnings Results

FIGS (NYSE:FIGS) posted its earnings results on Thursday. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03, Zacks reports. The firm had revenue of $151.66 million during the quarter, compared to the consensus estimate of $142.39 million. FIGS had a return on equity of 4.58% and a net margin of 3.03%.The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. FIGS updated its FY 2025 guidance to EPS.

FIGS Stock Performance

Shares of FIGS stock traded up $1.05 during mid-day trading on Friday, hitting $8.57. The company’s stock had a trading volume of 5,890,908 shares, compared to its average volume of 1,679,870. The company has a market cap of $1.40 billion, a PE ratio of 85.69, a P/E/G ratio of 5.48 and a beta of 1.34. The company’s fifty day simple moving average is $7.29 and its 200-day simple moving average is $6.17. FIGS has a 52 week low of $3.57 and a 52 week high of $8.90.

Insider Activity at FIGS

In other FIGS news, CFO Sarah Oughtred sold 22,745 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total transaction of $168,085.55. Following the transaction, the chief financial officer directly owned 845,345 shares in the company, valued at approximately $6,247,099.55. This represents a 2.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather L. Hasson sold 23,356 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total transaction of $172,600.84. Following the sale, the insider directly owned 1,274,841 shares of the company’s stock, valued at approximately $9,421,074.99. This trade represents a 1.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 184,148 shares of company stock worth $1,295,234 in the last 90 days. Corporate insiders own 29.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC boosted its position in shares of FIGS by 0.8% during the 2nd quarter. Corient Private Wealth LLC now owns 332,938 shares of the company’s stock worth $1,878,000 after purchasing an additional 2,612 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in FIGS during the 2nd quarter worth approximately $1,651,000. Invesco Ltd. boosted its holdings in FIGS by 15.5% in the second quarter. Invesco Ltd. now owns 195,996 shares of the company’s stock worth $1,105,000 after acquiring an additional 26,241 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in FIGS in the second quarter valued at approximately $898,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of FIGS by 102.4% during the second quarter. Russell Investments Group Ltd. now owns 147,440 shares of the company’s stock valued at $832,000 after acquiring an additional 74,578 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

FIGS has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on shares of FIGS from $5.00 to $5.50 and gave the company a “sell” rating in a report on Friday. Cowen reaffirmed a “hold” rating on shares of FIGS in a research note on Friday, August 8th. BTIG Research lifted their price target on shares of FIGS from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FIGS in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, FIGS presently has a consensus rating of “Hold” and a consensus target price of $6.90.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.