FIGS (NYSE:FIGS – Get Free Report) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday, Wall Street Zen reports.
A number of other research analysts have also recently weighed in on FIGS. Barclays lifted their price objective on shares of FIGS from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Roth Capital reiterated a “buy” rating on shares of FIGS in a report on Friday, August 7th. Weiss Ratings upgraded shares of FIGS from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Telsey Advisory Group decreased their price target on shares of FIGS from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Friday, August 7th. Finally, KeyCorp boosted their price target on shares of FIGS from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.71.
View Our Latest Analysis on FIGS
FIGS Price Performance
FIGS (NYSE:FIGS – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $196.62 million for the quarter, compared to analyst estimates of $186.17 million. FIGS had a net margin of 8.72% and a return on equity of 12.53%. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. On average, analysts anticipate that FIGS will post 0.32 EPS for the current fiscal year.
Hedge Funds Weigh In On FIGS
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of FIGS during the second quarter worth about $41,000. IFP Advisors Inc increased its stake 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 period. OP Asset Management Ltd purchased a new stake in shares of FIGS during the first quarter worth approximately $115,000. R Squared Ltd raised its holdings in 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 in the last quarter. Finally, Archer Investment Corp acquired a new stake in FIGS in the first quarter valued at approximately $239,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.
About FIGS
FIGS, Inc (NYSE: FIGS) is a healthcare apparel and lifestyle company that designs and sells clothing, footwear, accessories and other products for healthcare professionals. Its product portfolio includes medical scrubs, lab coats, jackets, underscrubs, shoes, bags and related essentials designed for use in clinical and professional settings.
Founded in 2013 by Heather Hasson and Trina Spear, FIGS built its business around modern, performance-oriented alternatives to traditional medical uniforms.
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