FIGS (NYSE:FIGS) Raised to Overweight at KeyCorp

FIGS (NYSE:FIGS) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a report released on Friday, MarketBeat.com reports. The firm currently has a $17.00 price target on the stock. KeyCorp’s price target would suggest a potential upside of 10.14% from the stock’s current price. KeyCorp also issued estimates for FIGS’s Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.07 EPS and Q3 2026 earnings at $0.07 EPS.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley boosted their price objective on shares of FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. BTIG Research reaffirmed a “buy” rating and set a $15.00 price target on shares of FIGS in a research note on Friday. Wolfe Research upgraded FIGS to a “buy” rating in a report on Wednesday, December 10th. Wall Street Zen downgraded FIGS from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Finally, The Goldman Sachs Group upped their target price on FIGS from $5.50 to $7.50 and gave the stock a “sell” rating in a report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FIGS currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

FIGS Stock Up 23.8%

FIGS opened at $15.44 on Friday. The business has a fifty day moving average of $11.39 and a 200 day moving average of $9.37. The stock has a market cap 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.

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

Insider Activity at FIGS

In other FIGS news, insider Heather L. Hasson sold 22,874 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 $241,549.44. Following the transaction, the insider owned 1,251,967 shares in the company, valued at $13,220,771.52. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Catherine Eva Spear sold 49,734 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $11.38, for a total transaction of $565,972.92. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,813 shares of company stock valued at $1,168,051 over the last quarter. 29.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FIGS

A number of large investors have recently made changes to their positions in FIGS. Bamco Inc. NY boosted its position in shares of FIGS by 2.2% in the 2nd quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock worth $338,256,000 after purchasing an additional 1,302,823 shares in the last quarter. Ameriprise Financial Inc. increased its position in FIGS by 9.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock valued at $78,602,000 after buying an additional 1,144,962 shares in the last quarter. Vanguard Group Inc. raised its stake in FIGS by 4.6% in the third quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock valued at $64,286,000 after buying an additional 425,189 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in FIGS by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,417,008 shares of the company’s stock worth $29,549,000 after acquiring an additional 70,660 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of FIGS by 66.2% during the fourth quarter. Marshall Wace LLP now owns 4,297,868 shares of the company’s stock worth $48,824,000 after acquiring an additional 1,712,610 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

FIGS News Roundup

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

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.