Research Analysts Set Expectations for FIGS Q3 Earnings

FIGS, Inc. (NYSE:FIGS) – Stock analysts at KeyCorp cut their Q3 2026 earnings per share (EPS) estimates for shares of FIGS in a research report issued to clients and investors on Monday, June 22nd. KeyCorp analyst A. Owens now forecasts that the company will post earnings per share of $0.05 for the quarter, down from their prior estimate of $0.07. KeyCorp has a “Overweight” rating on the stock. The consensus estimate for FIGS’s current full-year earnings is $0.25 per share. KeyCorp also issued estimates for FIGS’s Q4 2026 earnings at $0.11 EPS, FY2026 earnings at $0.27 EPS and FY2027 earnings at $0.35 EPS.

Other research analysts also recently issued reports about the stock. Oppenheimer raised shares of FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Friday, March 20th. BTIG Research reiterated a “buy” rating and issued a $20.00 target price on shares of FIGS in a research report on Friday, April 24th. Telsey Advisory Group lifted their target price on shares of FIGS to $17.00 and gave the company a “market perform” rating in a research note on Thursday, March 12th. Zacks Research cut shares of FIGS from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, Morgan Stanley upped their price target on shares of FIGS from $8.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, FIGS has an average rating of “Moderate Buy” and a consensus target price of $15.93.

FIGS Price Performance

NYSE FIGS opened at $10.19 on Wednesday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 46.30 and a beta of 1.04. The company has a 50 day simple moving average of $12.69 and a 200-day simple moving average of $12.79. FIGS has a 52-week low of $5.58 and a 52-week high of $17.48.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $159.90 million for the quarter, compared to analysts’ expectations of $153.15 million. FIGS had a return on equity of 9.69% and a net margin of 6.10%.The business’s revenue for the quarter was up 28.0% on a year-over-year basis.

Insider Activity at FIGS

In related news, Chairman Heather L. Hasson sold 32,385 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $464,077.05. Following the transaction, the chairman owned 1,433,807 shares of the company’s stock, valued at approximately $20,546,454.31. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Catherine Eva Spear sold 62,335 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $14.44, for a total transaction of $900,117.40. Following the transaction, the chief executive officer directly owned 1,794,964 shares in the company, valued at approximately $25,919,280.16. The trade was a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 129,189 shares of company stock valued at $1,859,331. 27.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Elevated Capital Advisors LLC bought a new position in shares of FIGS during the 4th quarter valued at $45,000. Quarry LP increased its position in FIGS by 1,876.3% during the third quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after buying an additional 7,449 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in FIGS during the second quarter worth $61,000. Walleye Capital LLC bought a new position in FIGS during the second quarter valued at about $65,000. Finally, Kemnay Advisory Services Inc. bought a new position in FIGS during the fourth quarter valued at about $69,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

FIGS News Summary

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: KeyCorp raised its FY2026 EPS estimate for FIGS to $0.27 from $0.25 and kept an Overweight rating, signaling confidence in the company’s earnings trajectory.
• Positive Sentiment: KeyCorp also lifted FY2027 EPS expectations to $0.35 from $0.32 and increased its Q4 2026 estimate to $0.11, indicating a stronger longer-term earnings outlook.
• Neutral Sentiment: KeyCorp lowered its Q3 2026 EPS estimate to $0.05 from $0.07, suggesting some near-term caution even as the longer-term outlook improved.
• Neutral Sentiment: Zacks commentary said FIGS’ stronger revenue outlook and customer growth support the bull case, but the stock’s big rally and richer valuation make it harder to call the shares a clear buy. Zacks article
• Neutral Sentiment: Other recent analysis pointed to FIGS’ scrubwear demand, global expansion and rising active customers, but also flagged tariff, freight and marketing spending pressures. Zacks article
• Negative Sentiment: One Zacks piece emphasized that FIGS’ valuation has become richer after a strong run, which could weigh on investor enthusiasm if growth does not keep pace. Zacks article

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.