KeyCorp Comments on FIGS, Inc.’s FY2024 Earnings (NYSE:FIGS)

FIGS, Inc. (NYSE:FIGS – Get Rating) – Analysts at KeyCorp issued their FY2024 earnings per share estimates for shares of FIGS in a note issued to investors on Tuesday, February 28th. KeyCorp analyst N. Zatzkin forecasts that the company will post earnings of $0.12 per share for the year. The consensus estimate for FIGS’s current full-year earnings is $0.13 per share.

FIGS (NYSE:FIGS – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. FIGS had a net margin of 4.19% and a return on equity of 10.49%. The firm had revenue of $144.90 million during the quarter, compared to analysts’ expectations of $135.53 million. During the same period in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 12.6% on a year-over-year basis.

A number of other brokerages have also issued reports on FIGS. Barclays cut their target price on shares of FIGS from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, November 14th. Telsey Advisory Group decreased their price target on shares of FIGS from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James lifted their price target on shares of FIGS from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Piper Sandler lowered their price objective on shares of FIGS to $10.00 in a research report on Wednesday, November 16th. Finally, Cowen decreased their target price on shares of FIGS to $6.00 in a research note on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, FIGS currently has a consensus rating of “Hold” and a consensus price target of $11.23.

FIGS Price Performance

NYSE:FIGS opened at $6.98 on Thursday. The stock has a market cap of $1.16 billion, a P/E ratio of 58.17, a PEG ratio of 33.01 and a beta of 1.63. The firm has a 50-day moving average of $8.29 and a two-hundred day moving average of $8.45. FIGS has a 1-year low of $5.55 and a 1-year high of $23.93.

Hedge Funds Weigh In On FIGS

Several hedge funds have recently bought and sold shares of FIGS. Lazard Asset Management LLC bought a new stake in shares of FIGS during the 3rd quarter valued at approximately $26,000. Banque Cantonale Vaudoise purchased a new stake in FIGS during the fourth quarter valued at about $27,000. Belpointe Asset Management LLC purchased a new stake in FIGS during the fourth quarter valued at about $31,000. Nisa Investment Advisors LLC purchased a new stake in FIGS during the second quarter valued at about $42,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of FIGS in the first quarter worth about $51,000.

FIGS Company Profile

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FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets.