FIGS (NYSE:FIGS) Rating Increased to Strong-Buy at Wall Street Zen

FIGS (NYSE:FIGS) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other equities research analysts also recently commented on the company. Barclays lifted their price objective on FIGS from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Morgan Stanley raised their price target on shares of FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FIGS in a research note on Monday, December 29th. The Goldman Sachs Group increased their price objective on shares of FIGS from $5.50 to $7.50 and gave the company a “sell” rating in a research report on Friday, January 30th. Finally, Zacks Research upgraded shares of FIGS from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, FIGS presently has an average rating of “Hold” and an average target price of $12.25.

FIGS Trading Up 23.8%

FIGS stock opened at $15.44 on Friday. The stock has a market capitalization of $2.54 billion, a PE ratio of 81.24 and a beta of 1.29. FIGS has a 12-month low of $3.57 and a 12-month high of $15.90. The stock’s 50 day simple moving average is $11.39 and its 200 day simple moving average is $9.35.

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

Insider Buying and Selling

In other FIGS news, CFO Sarah Oughtred sold 22,690 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total value of $239,606.40. Following the transaction, the chief financial officer directly owned 821,500 shares in the company, valued at approximately $8,675,040. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather L. Hasson sold 22,874 shares of FIGS stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total transaction of $241,549.44. Following the transaction, the insider owned 1,251,967 shares in the company, valued at $13,220,771.52. This represents a 1.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 105,813 shares of company stock valued at $1,168,051. 29.44% of the stock is owned by insiders.

Institutional Investors Weigh In On FIGS

Hedge funds and other institutional investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd increased its position in FIGS by 943.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 261,232 shares of the company’s stock worth $1,748,000 after buying an additional 236,195 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of FIGS during the 2nd quarter valued at about $671,000. Catalyst Funds Management Pty Ltd bought a new position in shares of FIGS during the 2nd quarter valued at approximately $72,000. ProShare Advisors LLC increased its holdings in FIGS by 24.7% in the 3rd quarter. ProShare Advisors LLC now owns 963,560 shares of the company’s stock worth $6,446,000 after acquiring an additional 190,592 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in FIGS in the 3rd quarter worth approximately $702,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting FIGS

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.