FIGS, Inc. (FIGS) – What Are Analysts Saying About This Stock?

Shares of FIGS, Inc. (NYSE:FIGS) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $21.14.

A number of equities research analysts have commented on FIGS shares. Roth Capital reiterated a “buy” rating on shares of FIGS in a research note on Friday, August 7th. Wall Street Zen downgraded FIGS from a “strong-buy” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.00 price objective on shares of FIGS in a research note on Friday, August 7th. Oppenheimer increased their price target on FIGS from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Finally, KeyCorp lifted their price objective on shares of FIGS from $20.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday.

Key FIGS News

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: KeyCorp raised its price target on FIGS to $27 from $20 and reiterated an “overweight” rating. The new target implies 35.3% upside from the cited $19.96 share price. KeyCorp ratings
• Positive Sentiment: FIGS reported Q3 revenue of $190.7 million, up 25.7% year over year and above the $182.8 million analyst estimate. Earnings of $0.10 per share also beat the $0.07 consensus and doubled the year-ago $0.05. Q3 earnings report
• Positive Sentiment: Management also provided optimistic revenue guidance for the next quarter, adding to the upbeat earnings report. Q3 sales and guidance article
• Negative Sentiment: A recent analysis described FIGS as “priced for perfection” after a substantial run-up, suggesting high expectations could limit further gains or magnify a disappointment. Valuation analysis

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FIGS. Integrated Wealth Concepts LLC purchased a new position in FIGS in the second quarter valued at about $41,000. Sterling Capital Management LLC grew its position in FIGS by 848.2% in the third quarter. Sterling Capital Management LLC now owns 3,167 shares of the company’s stock valued at $44,000 after acquiring an additional 2,833 shares during the last quarter. IFP Advisors Inc increased its stake in FIGS by 120.2% during the 2nd 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 in the last quarter. State of Alaska Department of Revenue bought a new position in shares of FIGS in the third quarter worth $116,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of FIGS by 11,872.9% during the third quarter. SBI Securities Co. Ltd. now owns 14,128 shares of the company’s stock valued at $196,000 after purchasing an additional 14,010 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

FIGS Stock Down 1.2%

FIGS stock opened at $19.96 on Monday. The business has a 50 day moving average price of $16.34 and a two-hundred day moving average price of $13.64. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 52.53 and a beta of 1.05. FIGS has a 12 month low of $8.00 and a 12 month high of $22.46.

FIGS (NYSE:FIGS) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $190.69 million during the quarter, compared to the consensus estimate of $182.82 million. FIGS had a return on equity of 12.53% and a net margin of 8.72%. The business’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, analysts expect that FIGS will post 0.32 earnings per share for the current fiscal year.

About FIGS

FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing and accessories for healthcare professionals. Its product portfolio includes scrubs, underscrubs, outerwear, footwear, bags and other accessories intended to combine functionality, comfort and contemporary design.

The company sells primarily through its digital platform and also operates retail locations and other distribution channels. FIGS serves healthcare professionals in the United States and select international markets, including Canada, the United Kingdom and Australia.

FIGS was founded in 2013 by Heather Hasson and Trina Spear.