Brokerages Set FIGS, Inc. (NYSE:FIGS) PT at $18.71

Shares of FIGS, Inc. (NYSE:FIGS) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.7143.

FIGS has been the topic of a number of research analyst reports. Weiss Ratings raised shares of FIGS from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Roth Capital reaffirmed a “buy” rating on shares of FIGS in a research note on Friday, August 7th. Telsey Advisory Group reduced their target price 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. Barclays increased their price target 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. Finally, Zacks Research lowered shares of FIGS from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Elevated Capital Advisors LLC bought a new stake in shares of FIGS during the fourth quarter worth $45,000. Kemnay Advisory Services Inc. bought a new position in FIGS in the fourth quarter valued at about $69,000. OP Asset Management Ltd acquired a new stake in FIGS in the first quarter worth about $115,000. Quarry LP increased its position in FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after purchasing an additional 7,449 shares during the period. Finally, May Hill Capital LLC bought a new stake in FIGS during the 4th quarter worth about $117,000. 92.21% of the stock is currently owned by institutional investors.

FIGS Stock Performance

Shares of FIGS opened at $14.75 on Wednesday. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 44.70 and a beta of 1.03. The stock has a fifty day moving average price of $11.48 and a two-hundred day moving average price of $12.74. FIGS has a 52-week low of $6.49 and a 52-week high of $17.48.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, August 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $186.17 million. During the same period last year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. As a group, research analysts predict that FIGS will post 0.32 EPS for the current fiscal year.

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.