FIGS (NYSE:FIGS) Upgraded to Strong-Buy at Barclays

Barclays upgraded shares of FIGS (NYSE:FIGS) from a hold rating to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

FIGS has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FIGS in a research report on Monday, December 29th. The Goldman Sachs Group increased their price objective on shares of FIGS from $5.50 to $7.50 and gave the company a “sell” rating in a research report on Friday, January 30th. Zacks Research upgraded shares of FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Morgan Stanley upped their price target 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. Finally, BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of FIGS in a report on Friday. Two 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

FIGS Price Performance

NYSE FIGS traded up $2.97 during trading on Friday, reaching $15.44. 26,065,822 shares of the company’s stock were exchanged, compared to its average volume of 3,206,535. The business has a 50 day moving average price of $11.39 and a 200-day moving average price of $9.35. The stock has a market capitalization of $2.54 billion, a P/E ratio of 81.24 and a beta of 1.29. FIGS has a fifty-two week low of $3.57 and a fifty-two week high of $15.90.

FIGS (NYSE:FIGS) last released its quarterly earnings data 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 company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $165.33 million. FIGS had a return on equity of 8.62% and a net margin of 5.43%.The business’s revenue was up 33.0% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. On average, analysts forecast that FIGS will post 0.01 earnings per share for the current year.

Insider Buying and Selling at FIGS

In other FIGS news, CFO Sarah Oughtred sold 22,690 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Heather L. Hasson sold 22,874 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total value of $241,549.44. Following the transaction, the insider owned 1,251,967 shares in the company, valued at approximately $13,220,771.52. This trade represents a 1.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,813 shares of company stock valued at $1,168,051 in the last quarter. Company insiders own 29.44% of the company’s stock.

Hedge Funds Weigh In On FIGS

Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of FIGS by 135.9% during the 4th quarter. Invesco Ltd. now owns 503,470 shares of the company’s stock worth $5,719,000 after acquiring an additional 290,052 shares during the period. Corient Private Wealth LLC raised its position in FIGS by 6.3% during the fourth quarter. Corient Private Wealth LLC now owns 350,694 shares of the company’s stock valued at $3,984,000 after purchasing an additional 20,843 shares in the last quarter. Zacks Investment Management bought a new stake in FIGS during the fourth quarter worth $1,217,000. VARCOV Co. acquired a new stake in shares of FIGS in the 4th quarter valued at $409,000. Finally, Voloridge Investment Management LLC increased its stake in shares of FIGS by 77.3% in the 4th quarter. Voloridge Investment Management LLC now owns 332,960 shares of the company’s stock valued at $3,782,000 after purchasing an additional 145,135 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

FIGS News Summary

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.