FIGS (NYSE:FIGS) Rating Increased to Overweight at KeyCorp

FIGS (NYSE:FIGS) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has a $17.00 target price on the stock. KeyCorp’s target price indicates a potential upside of 34.92% from the company’s current price.

FIGS has been the topic of a number of other research reports. Wall Street Zen cut FIGS from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Barclays upped their target price on shares of FIGS from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of FIGS in a report on Friday. The Goldman Sachs Group raised their price target on FIGS from $5.50 to $7.50 and gave the stock a “sell” rating in a report on Friday, January 30th. Finally, Wolfe Research upgraded shares of FIGS to a “buy” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.25.

FIGS Price Performance

FIGS stock opened at $12.60 on Friday. The business has a 50 day simple moving average of $11.33 and a 200-day simple moving average of $9.29. The firm has a market capitalization of $2.07 billion, a PE ratio of 126.00 and a beta of 1.29. FIGS has a 1 year low of $3.57 and a 1 year high of $12.66.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.08. The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $165.33 million. FIGS had a return on equity of 4.50% and a net margin of 3.03%.The company’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. On average, equities research analysts expect that FIGS will post 0.01 EPS for the current year.

Insider Activity

In related news, insider Heather L. Hasson sold 22,874 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total transaction of $241,549.44. Following the completion of the transaction, the insider directly owned 1,251,967 shares in the company, valued at $13,220,771.52. This represents a 1.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sarah Oughtred sold 22,690 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $10.56, for a total value of $239,606.40. Following the transaction, the chief financial officer owned 821,500 shares in the company, valued at $8,675,040. This represents a 2.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 105,813 shares of company stock valued at $1,168,051. 29.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Assetmark Inc. bought a new position in FIGS in the third quarter valued at approximately $35,000. Elevated Capital Advisors LLC bought a new position in shares of FIGS during the 4th quarter valued at about $45,000. Quarry LP lifted its stake in FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock valued at $52,000 after buying an additional 7,449 shares in the last quarter. Capstone Financial Advisors Inc. acquired a new position in FIGS in the 2nd quarter worth $56,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of FIGS during the second quarter worth about $61,000. Institutional investors own 92.21% of the company’s stock.

Key Stories Impacting FIGS

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Q4 beat — FIGS reported $0.10 EPS vs. $0.02 consensus and revenue of $201.9M (+33% YoY), driven by higher ASPs and channel growth; this is the core catalyst for the rally. FIGS Q4 results and materials
• Positive Sentiment: Raised FY‑2026 revenue guide — management provided a revenue range roughly $694.2M–$706.8M (centered near $700M), materially above the prior street consensus (~$625.6M), and reiterated margin expansion plans. That guidance materially improves forward top‑line visibility. Figs targets $700M revenue in 2026
• Positive Sentiment: Execution and growth levers — management highlighted international expansion, retail openings and partnerships (including Olympic-related initiatives) as drivers of durable customer acquisition and wholesale/DTC mix improvement. These strategic moves support the raised outlook. FIGS Q4 2025 Earnings Call Highlights
• Positive Sentiment: Market reaction — coverage notes the stock hit a new 12‑month high on the results, reflecting investor enthusiasm for the beat + guide combo. FIGS sets new 12‑month high
• Neutral Sentiment: Analyst tone shifting — some sell‑side coverage calls the narrative “cautious yet constructive,” with models being updated to factor in stronger top‑line but still conservative margin timing. Monitor updated estimates and cadence in next quarters. Investment narrative shifting
• Negative Sentiment: Profitability & valuation remain watchpoints — despite revenue strength, trailing net margin is low (~3.0%) and ROE modest (~4.5%); the stock trades at a high PE (~126), so expectations are elevated and any execution slip could pressure shares. Zacks analysis of key metrics

About FIGS

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.