FIGS, Inc. (NYSE:FIGS) Given Average Recommendation of “Moderate Buy” by Analysts

FIGS, Inc. (NYSE:FIGS) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.9286.

Several research analysts recently weighed in on FIGS shares. BTIG Research reissued a “buy” rating and issued a $20.00 target price on shares of FIGS in a research note on Friday, April 24th. The Goldman Sachs Group raised shares of FIGS from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. KeyCorp boosted their target price on shares of FIGS to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Finally, Oppenheimer raised shares of FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday, March 20th.

Insider Activity at FIGS

In other news, CEO Catherine Eva Spear sold 62,335 shares of the company’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 $900,117.40. Following the completion of the transaction, the chief executive officer owned 1,794,964 shares of the company’s stock, valued at $25,919,280.16. This represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sarah Oughtred sold 23,597 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $338,145.01. Following the transaction, the chief financial officer directly owned 1,129,791 shares of the company’s stock, valued at approximately $16,189,905.03. This represents a 2.05% decrease in their position. 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. In the last quarter, insiders sold 129,189 shares of company stock valued at $1,859,331. 27.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FIGS. Arrowstreet Capital Limited Partnership increased its stake in shares of FIGS by 167.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,070,258 shares of the company’s stock valued at $60,118,000 after acquiring an additional 2,546,905 shares during the last quarter. 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 valued at $48,824,000 after acquiring an additional 1,712,610 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of FIGS by 2,139.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,307,468 shares of the company’s stock valued at $7,374,000 after acquiring an additional 1,249,091 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of FIGS by 9.0% during the 2nd 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. Finally, Jennison Associates LLC increased its stake in shares of FIGS by 178.4% during the 1st quarter. Jennison Associates LLC now owns 1,401,214 shares of the company’s stock valued at $20,696,000 after acquiring an additional 897,935 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

FIGS Trading Down 2.3%

Shares of FIGS stock opened at $11.70 on Friday. The firm has a 50-day moving average price of $13.82 and a 200 day moving average price of $12.62. FIGS has a twelve month low of $4.98 and a twelve month high of $17.48. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 53.17 and a beta of 1.04.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. FIGS had a net margin of 6.10% and a return on equity of 9.69%. The firm had revenue of $159.90 million during the quarter, compared to the consensus estimate of $153.15 million. The company’s revenue was up 28.0% compared to the same quarter last year. As a group, research analysts predict that FIGS will post 0.25 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.