Brokerages Set FIGS, Inc. (NYSE:FIGS) Price Target at $10.10

Shares of FIGS, Inc. (NYSE:FIGS) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.10.

A number of research analysts have commented on the stock. Morgan Stanley raised their price target on shares of FIGS from $7.50 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group increased 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. BTIG Research boosted their price target on FIGS from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wolfe Research upgraded FIGS to a “buy” rating in a research report on Wednesday, December 10th. Finally, Wall Street Zen raised FIGS from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th.

Insider Activity

In other news, CFO Sarah Oughtred sold 10,515 shares of FIGS stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $11.50, for a total value of $120,922.50. Following the completion of the transaction, the chief financial officer owned 834,830 shares in the company, valued at approximately $9,600,545. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Catherine Eva Spear sold 49,734 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $11.38, for a total value of $565,972.92. Following the completion of the transaction, the chief executive officer directly owned 1,857,299 shares in the company, valued at $21,136,062.62. The trade was a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 29.44% of the company’s stock.

Institutional Investors Weigh In On FIGS

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bamco Inc. NY grew its holdings 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 during the last quarter. Ameriprise Financial Inc. lifted 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 worth $78,602,000 after buying an additional 1,144,962 shares in the last quarter. Vanguard Group Inc. grew 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 acquiring an additional 425,189 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 during the last quarter. Finally, Marshall Wace LLP increased its position in FIGS by 45.7% in the 3rd quarter. Marshall Wace LLP now owns 2,585,258 shares of the company’s stock valued at $17,295,000 after acquiring an additional 810,719 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

FIGS Price Performance

FIGS opened at $10.91 on Friday. FIGS has a fifty-two week low of $3.57 and a fifty-two week high of $12.50. The firm’s fifty day moving average price is $11.48 and its two-hundred day moving average price is $8.82. The company has a market capitalization of $1.79 billion, a P/E ratio of 109.10 and a beta of 1.29.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. FIGS had a net margin of 3.03% and a return on equity of 4.50%. The company had revenue of $151.66 million during the quarter, compared to analysts’ expectations of $142.39 million. During the same quarter in the prior year, the company posted ($0.01) EPS. The business’s revenue was up 8.2% on a year-over-year basis. On average, equities research analysts expect that FIGS will post 0.01 EPS for the current fiscal 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.