FIGS, Inc. (NYSE:FIGS) Receives $14.93 Consensus Target Price from Analysts

FIGS, Inc. (NYSE:FIGS) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.9286.

FIGS has been the subject of a number of research reports. KeyCorp upgraded shares of 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, February 27th. Morgan Stanley upped their price target on FIGS from $8.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, April 13th. BTIG Research reaffirmed a “buy” rating and issued a $15.00 price objective on shares of FIGS in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FIGS in a report on Friday, April 10th. Finally, Barclays upgraded FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th.

Insider Buying and Selling

In related news, CEO Catherine Eva Spear sold 62,335 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $14.44, for a total value of $900,117.40. Following the sale, the chief executive officer directly owned 1,794,964 shares of the company’s stock, valued at approximately $25,919,280.16. This represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sarah Oughtred sold 10,872 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $14.44, for a total transaction of $156,991.68. Following the transaction, the chief financial officer owned 1,153,388 shares of the company’s stock, valued at $16,654,922.72. This trade represents a 0.93% decrease in their ownership of the stock. 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. Insiders have sold 675,098 shares of company stock worth $10,912,375 in the last three months. Corporate insiders own 29.44% of the company’s stock.

Institutional Investors Weigh In On FIGS

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. acquired a new stake in FIGS during the 3rd quarter valued at $35,000. Elevated Capital Advisors LLC purchased a new stake in shares of FIGS in the fourth quarter valued at $45,000. Quarry LP lifted its position in shares of FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock valued at $52,000 after acquiring an additional 7,449 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of FIGS during the second quarter valued at $61,000. Finally, Walleye Capital LLC purchased a new stake in FIGS during the 2nd quarter worth about $65,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Stock Up 0.6%

NYSE:FIGS opened at $16.16 on Thursday. The firm’s fifty day simple moving average is $13.93 and its 200-day simple moving average is $11.37. The stock has a market cap of $2.69 billion, a PE ratio of 85.03 and a beta of 1.20. FIGS has a fifty-two week low of $3.77 and a fifty-two week high of $17.48.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The firm had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $165.33 million. FIGS had a net margin of 5.43% and a return on equity of 8.41%. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 earnings per share. Equities analysts anticipate that FIGS will post 0.01 earnings per share for the current year.

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.