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

FIGS, Inc. (NYSE:FIGS) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.9286.

FIGS has been the topic of several recent research reports. Weiss Ratings lowered shares of FIGS from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. KeyCorp reissued an “overweight” rating on shares of FIGS in a research report on Tuesday, June 23rd. Morgan Stanley lifted their price target on shares of FIGS from $8.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, April 13th. BTIG Research reaffirmed a “buy” rating and issued a $20.00 target price on shares of FIGS in a report on Friday, April 24th. Finally, Zacks Research cut shares of FIGS from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th.

FIGS Stock Performance

FIGS stock opened at $11.07 on Tuesday. FIGS has a 52 week low of $5.58 and a 52 week high of $17.48. The firm’s fifty day moving average is $12.81 and its 200 day moving average is $12.80. The firm has a market cap of $1.85 billion, a P/E ratio of 50.33 and a beta of 1.04.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, May 7th. The company reported $0.03 EPS 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 company had revenue of $159.90 million for the quarter, compared to analyst estimates of $153.15 million. The business’s quarterly revenue was up 28.0% on a year-over-year basis. As a group, analysts forecast that FIGS will post 0.25 EPS for the current year.

Insiders Place Their Bets

In other FIGS news, Chairman Heather L. Hasson sold 32,385 shares of FIGS stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $14.33, for a total value of $464,077.05. Following the completion of the transaction, the chairman directly owned 1,433,807 shares of the company’s stock, valued at approximately $20,546,454.31. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Catherine Eva Spear sold 62,335 shares of FIGS stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $14.44, for a total transaction of $900,117.40. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 129,189 shares of company stock valued at $1,859,331. Insiders own 27.06% of the company’s stock.

Institutional Trading of FIGS

A number of large investors have recently made changes to their positions in FIGS. FourThought Financial Partners LLC grew its position in FIGS by 3.6% during the fourth quarter. FourThought Financial Partners LLC now owns 32,851 shares of the company’s stock valued at $373,000 after buying an additional 1,138 shares during the period. Corient Private Wealth LLC grew its position in FIGS by 0.8% during the second quarter. Corient Private Wealth LLC now owns 332,938 shares of the company’s stock valued at $1,878,000 after buying an additional 2,612 shares during the period. Creative Planning grew its position in FIGS by 4.9% during the third quarter. Creative Planning now owns 68,932 shares of the company’s stock valued at $461,000 after buying an additional 3,192 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in FIGS by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock valued at $354,000 after buying an additional 3,276 shares during the period. Finally, Swiss National Bank grew its position in FIGS by 2.2% during the fourth quarter. Swiss National Bank now owns 183,300 shares of the company’s stock valued at $2,082,000 after buying an additional 3,900 shares during the period. 92.21% of the stock is currently owned by institutional investors.

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.