FIGS, Inc. (NYSE:FIGS – Get Free Report) has received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.71.
Several equities analysts recently commented on FIGS shares. Barclays upped their target price on shares of FIGS from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Telsey Advisory Group decreased their price target on shares of 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 objective on shares of FIGS from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and set a $16.00 price objective on shares of FIGS in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th.
View Our Latest Stock Analysis on FIGS
Key Headlines Impacting FIGS
- Positive Sentiment: Analysis points to expanding customer metrics as a potential foundation for sustainable profitability. Continued customer acquisition, engagement and retention could support revenue growth and improve operating leverage. FIGS Investment Analysis: Will the Expansion of Customer Metrics Translate into Sustainable Profitability?
- Positive Sentiment: A bullish Seeking Alpha analysis argues that FIGS could be re-rated further even after its roughly 150% share-price advance, suggesting investors may increasingly value the company’s growth and profitability prospects. FIGS Inc.: Even After 150% Share Price Growth, The Stock Can Further Re-Rate
- Positive Sentiment: FIGS’ product innovation—including new scrub designs, improved fits and broader apparel offerings—is being credited with strengthening customer loyalty and engagement, supporting the growth narrative. FIGS’ Product Innovation Strengthens Customer Loyalty & Engagement
- Positive Sentiment: Momentum-focused coverage notes that FIGS has gained 16.72% over the past week, increasing its appeal to technical and momentum investors. FIGS Is Up 16.72% in One Week: What You Should Know
- Positive Sentiment: Unusual options activity showed investors purchasing 2,026 FIGS call contracts, double the average volume, signaling increased speculative bullish interest.
- Neutral Sentiment: FIGS reached a new 52-week high, prompting coverage of whether the rally can continue. The milestone confirms strong momentum but also raises the bar for future results. FIGS Hit a 52 Week High, Can the Run Continue?
- Negative Sentiment: After the sharp advance, valuation and execution risks are more important: FIGS must convert customer and product momentum into durable revenue growth and profitability to justify further gains. FIGS Hits New 52-Week High – Time to Buy?
FIGS Stock Up 2.9%
Shares of NYSE:FIGS opened at $18.51 on Thursday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 56.10 and a beta of 1.06. The business has a 50 day moving average price of $14.30 and a 200 day moving average price of $13.02. FIGS has a twelve month low of $7.21 and a twelve month high of $19.18.
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, topping the consensus estimate of $0.07 by $0.08. FIGS had a return on equity of 12.53% and a net margin of 8.72%. The company had revenue of $196.62 million for the quarter, compared to the consensus estimate of $186.17 million. During the same period in the previous year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. Analysts anticipate that FIGS will post 0.32 EPS for the current year.
Institutional Trading of FIGS
Hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its position in FIGS by 167.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,070,258 shares of the company’s stock worth $60,118,000 after purchasing an additional 2,546,905 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of FIGS by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,552,919 shares of the company’s stock worth $52,472,000 after purchasing an additional 257,644 shares in the last quarter. Jennison Associates LLC boosted its position in FIGS by 178.4% in the first quarter. Jennison Associates LLC now owns 1,401,214 shares of the company’s stock valued at $20,696,000 after buying an additional 897,935 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of FIGS during the second quarter worth approximately $12,304,000. Finally, Bank of America Corp DE grew its position in FIGS by 190.3% during the 1st quarter. Bank of America Corp DE now owns 790,013 shares of the company’s stock worth $11,668,000 after acquiring an additional 517,918 shares during the last quarter. 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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