FIGS (NYSE:FIGS) Stock Rating Upgraded by The Goldman Sachs Group

FIGS (NYSE:FIGS) was upgraded by equities researchers at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other analysts have also issued reports on the stock. Wolfe Research upgraded shares of FIGS to a “buy” rating in a report on Wednesday, December 10th. Wall Street Zen upgraded shares of FIGS from a “buy” rating to a “strong-buy” rating in a report on Saturday. Morgan Stanley increased their price objective on shares of FIGS from $7.50 to $8.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Barclays raised FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, KeyCorp upgraded FIGS from a “sector weight” rating to an “overweight” rating and set a $17.00 price target for the company in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, FIGS currently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

FIGS Trading Up 23.8%

Shares of FIGS stock opened at $15.44 on Friday. FIGS has a twelve month low of $3.57 and a twelve month high of $15.90. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 81.24 and a beta of 1.29. The company’s 50-day moving average price is $11.39 and its 200-day moving average price is $9.37.

FIGS (NYSE:FIGS) last posted its earnings results on Thursday, February 26th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.08. The company had revenue of $201.90 million for the quarter, compared to analyst estimates of $165.33 million. FIGS had a net margin of 5.43% and a return on equity of 8.62%. FIGS’s revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS. As a group, equities research analysts predict that FIGS will post 0.01 EPS for the current year.

Insiders Place Their Bets

In other FIGS news, CEO Catherine Eva Spear sold 49,734 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $11.38, for a total value of $565,972.92. Following the sale, the chief executive officer owned 1,857,299 shares of the company’s stock, valued at $21,136,062.62. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sarah Oughtred sold 22,690 shares of FIGS stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $10.56, for a total value of $239,606.40. Following the completion of the transaction, the chief financial officer owned 821,500 shares of the company’s stock, valued at $8,675,040. The trade was a 2.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,813 shares of company stock worth $1,168,051 in the last quarter. 29.44% of the stock is owned by company insiders.

Institutional Investors Weigh In On FIGS

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bamco Inc. NY grew its stake in shares of FIGS by 2.2% during the second 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. raised its stake in FIGS by 9.0% in the second 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. lifted its holdings in FIGS by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock worth $64,286,000 after buying an additional 425,189 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FIGS by 1.6% during the 3rd 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 increased its holdings 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 acquiring an additional 1,712,610 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

More FIGS News

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.