KeyCorp Estimates FIGS’s Q1 Earnings (NYSE:FIGS)

FIGS, Inc. (NYSE:FIGS) – Equities researchers at KeyCorp issued their Q1 2026 earnings per share (EPS) estimates for FIGS in a note issued to investors on Friday, February 27th. KeyCorp analyst A. Owens anticipates that the company will earn $0.01 per share for the quarter. KeyCorp has a “Overweight” rating and a $17.00 price objective on the stock. The consensus estimate for FIGS’s current full-year earnings is $0.01 per share. KeyCorp also issued estimates for FIGS’s Q2 2026 earnings at $0.07 EPS and Q3 2026 earnings at $0.07 EPS.

FIGS (NYSE:FIGS) last issued its earnings results 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 return on equity of 8.41% and a net margin of 5.43%.The company had revenue of $201.90 million for the quarter, compared to analyst estimates of $165.33 million. During the same period in the prior year, the firm earned $0.01 earnings per share. FIGS’s revenue for the quarter was up 33.0% on a year-over-year basis.

Several other equities research analysts also recently commented on FIGS. BTIG Research reissued a “buy” rating and set a $15.00 target price on shares of FIGS in a research report on Friday. Wall Street Zen raised FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FIGS in a research report on Monday, December 29th. Wolfe Research upgraded FIGS to a “buy” rating in a report on Wednesday, December 10th. Finally, Telsey Advisory Group raised their price objective on FIGS from $9.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.25.

FIGS Trading Up 23.8%

FIGS opened at $15.44 on Monday. FIGS has a 1-year low of $3.57 and a 1-year high of $15.90. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 81.24 and a beta of 1.21. The company’s fifty day moving average price is $11.39 and its two-hundred day moving average price is $9.39.

Hedge Funds Weigh In On FIGS

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bamco Inc. NY grew its position in FIGS by 2.2% during the second quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock valued at $338,256,000 after buying an additional 1,302,823 shares during the period. Ameriprise Financial Inc. boosted 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 acquiring an additional 1,144,962 shares during the last quarter. Vanguard Group Inc. boosted its stake in FIGS by 4.6% in the third quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock valued at $64,286,000 after acquiring an additional 425,189 shares during the last quarter. Dimensional Fund Advisors LP grew 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 valued at $29,549,000 after acquiring an additional 70,660 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of FIGS by 66.2% during the 4th quarter. Marshall Wace LLP now owns 4,297,868 shares of the company’s stock worth $48,824,000 after purchasing an additional 1,712,610 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FIGS

In other FIGS news, CEO Catherine Eva Spear sold 49,734 shares of the company’s stock in a transaction 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 owned 1,857,299 shares in the company, valued at $21,136,062.62. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Oughtred sold 22,690 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 821,500 shares of the company’s stock, valued at approximately $8,675,040. This represents a 2.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 105,813 shares of company stock valued at $1,168,051. 29.44% of the stock is owned by insiders.

Key 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

About FIGS

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.