KeyCorp Analysts Boost Earnings Estimates for FIGS, Inc. (NYSE:FIGS)

FIGS, Inc. (NYSE:FIGS) – KeyCorp raised their Q4 2021 earnings per share (EPS) estimates for FIGS in a report issued on Thursday, January 13th. KeyCorp analyst E. Yruma now expects that the company will post earnings of $0.05 per share for the quarter, up from their previous estimate of $0.04. KeyCorp also issued estimates for FIGS’s FY2022 earnings at $0.29 EPS, Q4 2023 earnings at $0.10 EPS and FY2023 earnings at $0.47 EPS.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Wednesday, November 10th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $102.70 million during the quarter, compared to analyst estimates of $96.75 million. FIGS had a negative net margin of 2.63% and a negative return on equity of 6.32%.

Several other analysts also recently weighed in on FIGS. Zacks Investment Research upgraded FIGS from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Friday. Credit Suisse Group decreased their price objective on FIGS from $42.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, FIGS currently has a consensus rating of “Buy” and an average target price of $40.62.

Shares of FIGS opened at $23.28 on Friday. FIGS has a 12-month low of $22.04 and a 12-month high of $50.40. The firm has a fifty day moving average price of $29.15 and a 200-day moving average price of $36.05.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in FIGS in the 3rd quarter worth approximately $365,641,000. Lone Pine Capital LLC purchased a new stake in FIGS in the 2nd quarter worth approximately $214,156,000. Franklin Resources Inc. boosted its position in FIGS by 37.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,826,484 shares of the company’s stock worth $142,116,000 after purchasing an additional 1,043,628 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in FIGS in the 2nd quarter worth approximately $171,202,000. Finally, FMR LLC purchased a new stake in FIGS in the 2nd quarter worth approximately $173,974,000. Hedge funds and other institutional investors own 48.03% of the company’s stock.

In related news, CEO Catherine Eva Spear sold 3,540 shares of the company’s stock in a transaction that occurred on Monday, November 29th. The stock was sold at an average price of $32.79, for a total value of $116,076.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 177,489 shares of company stock worth $5,767,547 in the last 90 days.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, masks, and face shields. The company markets and sells its products through its digital platform comprising website and mobile app.

See Also: P/E Growth (PEG)

Earnings History and Estimates for FIGS (NYSE:FIGS)

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