FIGS (NYSE:FIGS) Upgraded at KeyCorp

KeyCorp upgraded shares of FIGS (NYSE:FIGS) from a sector weight rating to an overweight rating in a research note published on Friday morning, MarketBeat reports. They currently have $17.00 price objective on the stock. 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 research analysts have also issued reports about the stock. Barclays raised their price target on shares of FIGS from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c-)” rating on shares of FIGS in a research report on Monday, December 29th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $15.00 price target (up from $9.00) on shares of FIGS in a research note on Friday, February 20th. Wall Street Zen cut FIGS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, BTIG Research restated a “buy” rating and issued a $15.00 price objective on shares of FIGS in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.25.

FIGS Stock Performance

FIGS stock opened at $15.44 on Friday. The stock has a market capitalization of $2.54 billion, a P/E ratio of 81.24 and a beta of 1.21. The company’s fifty day moving average price is $11.39 and its 200 day moving average price is $9.39. FIGS has a 1 year low of $3.57 and a 1 year high of $15.90.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. FIGS had a net margin of 5.43% and a return on equity of 8.41%. The company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $165.33 million. During the same period in the prior year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. Sell-side analysts predict that FIGS will post 0.01 EPS for the current year.

Insider Buying and Selling at FIGS

In other news, CFO Sarah Oughtred sold 22,690 shares of FIGS stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total transaction of $239,606.40. Following the sale, the chief financial officer owned 821,500 shares of the company’s stock, valued at approximately $8,675,040. The trade was a 2.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather L. Hasson sold 22,874 shares of the company’s 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 $241,549.44. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 105,813 shares of company stock worth $1,168,051 in the last ninety days. 29.44% of the stock is owned by insiders.

Institutional Investors Weigh In On FIGS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIGS. Elevated Capital Advisors LLC purchased a new stake in FIGS in the fourth quarter valued at $45,000. Assetmark Inc. purchased a new position in shares of FIGS during the 3rd quarter worth $35,000. Kemnay Advisory Services Inc. acquired a new stake in shares of FIGS during the 4th quarter worth about $69,000. Quarry LP raised its holdings in FIGS by 1,876.3% in the 3rd quarter. Quarry LP now owns 7,846 shares of the company’s stock valued at $52,000 after buying an additional 7,449 shares during the period. Finally, Capstone Financial Advisors Inc. acquired a new position in FIGS in the second quarter valued at about $56,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.