FIGS (NYSE:FIGS) Upgraded at The Goldman Sachs Group

FIGS (NYSE:FIGS) was upgraded by equities research analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

Several other equities analysts have also recently weighed in on FIGS. Morgan Stanley raised their target price on shares of FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Barclays upgraded shares of FIGS from a “hold” rating to a “strong-buy” rating in a report on Friday. KeyCorp upgraded shares of FIGS from a “sector weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a research note on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of FIGS in a report on Monday, December 29th. Finally, Wolfe Research upgraded shares of FIGS to a “buy” rating in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.25.

FIGS Stock Performance

Shares of FIGS stock opened at $15.44 on Friday. The company has a market capitalization of $2.54 billion, a P/E ratio of 81.24 and a beta of 1.29. FIGS has a 52 week low of $3.57 and a 52 week high of $15.90. The company’s 50 day moving average price is $11.39 and its two-hundred day moving average price is $9.35.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $201.90 million for the quarter, compared to analyst estimates of $165.33 million. FIGS had a return on equity of 8.62% and a net margin of 5.43%.FIGS’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS. Analysts forecast that FIGS will post 0.01 earnings per share for the current year.

Insider Activity

In other FIGS news, CFO Sarah Oughtred sold 22,690 shares of FIGS stock in a transaction dated Thursday, February 5th. The stock was 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. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Catherine Eva Spear sold 49,734 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $11.38, for a total value of $565,972.92. Following the transaction, the chief executive officer directly owned 1,857,299 shares of the company’s stock, valued at approximately $21,136,062.62. The trade was a 2.61% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 105,813 shares of company stock worth $1,168,051. Insiders own 29.44% of the company’s stock.

Institutional Investors Weigh In On FIGS

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in FIGS by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock worth $354,000 after purchasing an additional 3,276 shares in the last quarter. Woodline Partners LP bought a new stake in shares of FIGS during the first quarter worth $3,199,000. Y Intercept Hong Kong Ltd acquired a new position in shares of FIGS during the second quarter worth $141,000. Malaga Cove Capital LLC lifted its stake in shares of FIGS by 10.1% in the 2nd quarter. Malaga Cove Capital LLC now owns 374,673 shares of the company’s stock valued at $2,113,000 after acquiring an additional 34,235 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of FIGS in the 2nd quarter valued at $100,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting FIGS

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Q4 earnings beat — FIGS reported $0.10 EPS vs. $0.02 consensus and revenue of $201.9M (up 33% YoY), signaling solid top-line momentum and margin expansion. Article Title
• Positive Sentiment: Aggressive FY2026 revenue guide — management is targeting roughly $694M–$707M (around a $700M target cited publicly), well above Street consensus (~$625.6M), and flagged international expansion and margin improvement as priorities. That guidance materially raises growth expectations. Article Title
• Positive Sentiment: Analyst upgrade — KeyCorp moved FIGS from sector weight to overweight with a $17 price target, providing third‑party validation of the company’s growth trajectory. Article Title
• Neutral Sentiment: Telsey raised its price target from $9 to $15 and set a “market perform” rating — upgrade in target, but PT sits slightly below the current share price. Article Title
• Neutral Sentiment: BTIG reaffirmed a “buy” rating with a $15 target — keeps buy conviction but target is not above the current price, limiting near-term upside from that shop. Article Title
• Neutral Sentiment: Conference call and analyst write-ups published — transcripts and call highlights provide detail on Olympic partnership, international rollout and margin levers for investors doing deeper diligence. Article Title
• Negative Sentiment: Valuation and mixed price-targets risk — FIGS trades with a high P/E and recently hit a 12‑month high, leaving shares vulnerable to profit-taking; several widely cited targets (~$15) sit at or below the current price. Article Title

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.