FIGS, Inc. (NYSE:FIGS) Receives $18.71 Consensus Price Target from Brokerages

Shares of FIGS, Inc. (NYSE:FIGS) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.7143.

A number of analysts have recently weighed in on the stock. Telsey Advisory Group dropped their target price on shares of FIGS from $17.00 to $16.00 and set a “market perform” rating for the company in a report on Friday, August 7th. KeyCorp increased their price objective on FIGS from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and set a $16.00 target price on shares of FIGS in a report on Friday, August 7th. BTIG Research lifted their price target on shares of FIGS from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Barclays upped their price objective on shares of FIGS from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, August 7th.

Institutional Trading of FIGS

Several institutional investors and hedge funds have recently bought and sold shares of FIGS. FourThought Financial Partners LLC boosted its stake in FIGS by 3.6% during the fourth quarter. FourThought Financial Partners LLC now owns 32,851 shares of the company’s stock worth $373,000 after acquiring an additional 1,138 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of FIGS by 120.2% during the second quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock valued at $45,000 after purchasing an additional 2,396 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of FIGS during the second quarter valued at approximately $41,000. R Squared Ltd boosted its position in shares of FIGS by 42.0% in the 1st quarter. R Squared Ltd now owns 15,009 shares of the company’s stock worth $222,000 after purchasing an additional 4,436 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of FIGS by 13.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 60,354 shares of the company’s stock worth $891,000 after buying an additional 7,348 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

FIGS Stock Performance

NYSE:FIGS opened at $13.30 on Friday. FIGS has a fifty-two week low of $6.50 and a fifty-two week high of $17.48. The business has a 50 day moving average price of $12.61 and a 200-day moving average price of $13.19. The firm has a market cap of $2.21 billion, a PE ratio of 40.32 and a beta of 1.07.

FIGS (NYSE:FIGS) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. The business had revenue of $196.62 million during the quarter, compared to analysts’ expectations of $186.17 million. FIGS had a net margin of 8.72% and a return on equity of 12.53%. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 EPS. Research analysts predict that FIGS will post 0.32 EPS for the current year.

About FIGS

FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing, footwear and accessories for healthcare professionals. Its product portfolio includes medical scrubs, scrub jackets, lab coats, underscrubs, outerwear, shoes, bags and other work-related accessories.

The company markets its products through its digital platform, retail locations and selected wholesale channels. FIGS emphasizes technical fabrics, comfort, functionality and contemporary styling, seeking to provide alternatives to traditional medical uniforms for nurses, physicians and other healthcare workers.

FIGS was founded in 2013 by Heather Hasson and Trina Spear and is headquartered in Santa Monica, California.