FIGS (NYSE:FIGS) Raised to “Overweight” at KeyCorp

FIGS (NYSE:FIGS) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a note issued to investors on Friday, MarketBeat reports. The firm currently has a $17.00 price objective on the stock. KeyCorp’s price objective suggests a potential upside of 34.92% from the company’s current price.

A number of other research firms also recently weighed in on FIGS. Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 price target on shares of FIGS in a research note on Friday, February 20th. Zacks Research raised FIGS from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Morgan Stanley lifted their price objective on shares of FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FIGS in a research note on Monday, December 29th. Finally, Wolfe Research raised shares of FIGS to a “buy” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FIGS currently has a consensus rating of “Hold” and an average price target of $12.25.

FIGS Stock Performance

Shares of NYSE FIGS opened at $12.60 on Friday. The stock has a market cap of $2.07 billion, a P/E ratio of 126.00 and a beta of 1.29. FIGS has a 52-week low of $3.57 and a 52-week high of $12.66. The firm has a 50 day moving average price of $11.33 and a two-hundred day moving average price of $9.29.

FIGS (NYSE:FIGS) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. FIGS had a return on equity of 4.50% and a net margin of 3.03%.The firm had revenue of $201.90 million for the quarter, compared to analyst estimates of $165.33 million. During the same quarter in the previous year, the company posted $0.01 EPS. The business’s revenue was up 33.0% on a year-over-year basis. Analysts predict that FIGS will post 0.01 earnings per share for the current fiscal year.

Insider Activity at FIGS

In related news, insider Heather L. Hasson sold 22,874 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total value of $241,549.44. Following the completion of the sale, the insider owned 1,251,967 shares of the company’s stock, valued at $13,220,771.52. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sarah Oughtred sold 22,690 shares of FIGS stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total transaction of $239,606.40. Following the completion of the sale, the chief financial officer owned 821,500 shares in the company, valued at approximately $8,675,040. This trade represents a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,813 shares of company stock worth $1,168,051 over the last quarter. 29.44% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FIGS

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. purchased a new position in FIGS during the 3rd quarter valued at about $35,000. Elevated Capital Advisors LLC bought a new stake in FIGS in the 4th quarter worth approximately $45,000. Quarry LP boosted its holdings in shares of FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after buying an additional 7,449 shares during the last quarter. Capstone Financial Advisors Inc. bought a new position in FIGS in the 2nd quarter worth $56,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of FIGS in the second quarter worth $61,000. 92.21% of the stock is currently owned by institutional investors.

FIGS News Roundup

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Q4 beat — FIGS reported $0.10 EPS vs. $0.02 consensus and revenue of $201.9M (+33% YoY), driven by higher ASPs and channel growth; this is the core catalyst for the rally. FIGS Q4 results and materials
• Positive Sentiment: Raised FY‑2026 revenue guide — management provided a revenue range roughly $694.2M–$706.8M (centered near $700M), materially above the prior street consensus (~$625.6M), and reiterated margin expansion plans. That guidance materially improves forward top‑line visibility. Figs targets $700M revenue in 2026
• Positive Sentiment: Execution and growth levers — management highlighted international expansion, retail openings and partnerships (including Olympic-related initiatives) as drivers of durable customer acquisition and wholesale/DTC mix improvement. These strategic moves support the raised outlook. FIGS Q4 2025 Earnings Call Highlights
• Positive Sentiment: Market reaction — coverage notes the stock hit a new 12‑month high on the results, reflecting investor enthusiasm for the beat + guide combo. FIGS sets new 12‑month high
• Neutral Sentiment: Analyst tone shifting — some sell‑side coverage calls the narrative “cautious yet constructive,” with models being updated to factor in stronger top‑line but still conservative margin timing. Monitor updated estimates and cadence in next quarters. Investment narrative shifting
• Negative Sentiment: Profitability & valuation remain watchpoints — despite revenue strength, trailing net margin is low (~3.0%) and ROE modest (~4.5%); the stock trades at a high PE (~126), so expectations are elevated and any execution slip could pressure shares. Zacks analysis of key metrics

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.