FIGS, Inc. (NYSE:FIGS) Receives Consensus Rating of “Moderate Buy” from Brokerages

FIGS, Inc. (NYSE:FIGS) has received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $15.9286.

Several analysts have recently weighed in on FIGS shares. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Barclays raised shares of FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. BTIG Research reaffirmed a “buy” rating and set a $20.00 price target on shares of FIGS in a research note on Friday, April 24th. Oppenheimer raised shares of FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Friday, March 20th. Finally, Zacks Research downgraded shares of FIGS from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th.

FIGS Stock Performance

FIGS stock opened at $11.77 on Monday. The company has a 50 day moving average price of $14.70 and a 200-day moving average price of $12.26. FIGS has a fifty-two week low of $4.25 and a fifty-two week high of $17.48. The company has a market capitalization of $1.97 billion, a PE ratio of 53.52 and a beta of 1.12.

FIGS (NYSE:FIGS) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. FIGS had a net margin of 6.10% and a return on equity of 9.69%. The firm had revenue of $159.90 million during the quarter, compared to the consensus estimate of $153.15 million. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, analysts forecast that FIGS will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Catherine Eva Spear sold 62,335 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $14.44, for a total value of $900,117.40. Following the completion of the transaction, the chief executive officer owned 1,794,964 shares of the company’s stock, valued at $25,919,280.16. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Heather L. Hasson sold 556,327 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $16.85, for a total transaction of $9,374,109.95. Following the completion of the transaction, the insider directly owned 1,251,967 shares of the company’s stock, valued at $21,095,643.95. This trade represents a 30.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 685,516 shares of company stock valued at $11,233,441 over the last 90 days. Corporate insiders own 29.44% of the company’s stock.

Hedge Funds Weigh In On FIGS

A number of large investors have recently bought and sold shares of the business. FourThought Financial Partners LLC raised its stake in FIGS by 3.6% in the fourth quarter. FourThought Financial Partners LLC now owns 32,851 shares of the company’s stock worth $373,000 after buying an additional 1,138 shares in the last quarter. GSA Capital Partners LLP raised its stake in FIGS by 4.2% in the third quarter. GSA Capital Partners LLP now owns 52,045 shares of the company’s stock worth $348,000 after buying an additional 2,083 shares in the last quarter. Corient Private Wealth LLC raised its stake in FIGS by 0.8% in the second quarter. Corient Private Wealth LLC now owns 332,938 shares of the company’s stock worth $1,878,000 after buying an additional 2,612 shares in the last quarter. Creative Planning raised its stake in FIGS by 4.9% in the third quarter. Creative Planning now owns 68,932 shares of the company’s stock worth $461,000 after buying an additional 3,192 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in FIGS by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock worth $354,000 after buying an additional 3,276 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.