FIGS, Inc. (NYSE:FIGS) Receives $15.93 Consensus Target Price from Brokerages

FIGS, Inc. (NYSE:FIGS) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.9286.

Several equities analysts recently weighed in on the stock. KeyCorp reiterated an “overweight” rating on shares of FIGS in a report on Tuesday, June 23rd. Telsey Advisory Group lifted their price objective on shares of FIGS to $17.00 and gave the company a “market perform” rating in a research note on Thursday, March 12th. Weiss Ratings downgraded shares of FIGS from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Zacks Research lowered shares of FIGS from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, BTIG Research reissued a “buy” rating and set a $20.00 target price on shares of FIGS in a report on Friday, April 24th.

FIGS Stock Performance

FIGS stock traded down $0.12 during midday trading on Tuesday, reaching $9.76. The stock had a trading volume of 643,493 shares, compared to its average volume of 3,331,796. The firm has a fifty day simple moving average of $12.22 and a two-hundred day simple moving average of $12.74. FIGS has a 52-week low of $5.66 and a 52-week high of $17.48. The stock has a market cap of $1.63 billion, a PE ratio of 44.44 and a beta of 1.01.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. FIGS had a return on equity of 9.69% and a net margin of 6.10%.The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $153.15 million. FIGS’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, sell-side analysts predict that FIGS will post 0.26 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Heather L. Hasson sold 32,385 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $14.33, for a total value of $464,077.05. Following the completion of the transaction, the chairman owned 1,433,807 shares of the company’s stock, valued at $20,546,454.31. The trade was a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sarah Oughtred sold 23,597 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $14.33, for a total value of $338,145.01. Following the completion of the sale, the chief financial officer owned 1,129,791 shares in the company, valued at $16,189,905.03. The trade was a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in FIGS by 9.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock worth $78,602,000 after purchasing an additional 1,144,962 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of FIGS by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock valued at $64,286,000 after purchasing an additional 425,189 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of FIGS by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,417,008 shares of the company’s stock valued at $29,549,000 after purchasing an additional 70,660 shares during the period. Marshall Wace LLP lifted its stake in shares of FIGS by 66.2% in the 4th quarter. Marshall Wace LLP now owns 4,297,868 shares of the company’s stock valued at $48,824,000 after purchasing an additional 1,712,610 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in FIGS by 167.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,070,258 shares of the company’s stock worth $60,118,000 after buying an additional 2,546,905 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

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.