FIGS (NYSE:FIGS) Sets New 52-Week High Following Better-Than-Expected Earnings

Shares of FIGS, Inc. (NYSE:FIGS) hit a new 52-week high during trading on Friday following a better than expected earnings announcement. The company traded as high as $12.66 and last traded at $12.60, with a volume of 9780949 shares trading hands. The stock had previously closed at $10.96.

The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $165.33 million. FIGS had a return on equity of 8.62% and a net margin of 5.43%.The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS.

Key Headlines Impacting FIGS

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Q4 earnings beat — FIGS reported $0.10 EPS vs. $0.02 consensus and revenue of $201.9M (up 33% YoY), signaling solid top-line momentum and margin expansion. Article Title
• Positive Sentiment: Aggressive FY2026 revenue guide — management is targeting roughly $694M–$707M (around a $700M target cited publicly), well above Street consensus (~$625.6M), and flagged international expansion and margin improvement as priorities. That guidance materially raises growth expectations. Article Title
• Positive Sentiment: Analyst upgrade — KeyCorp moved FIGS from sector weight to overweight with a $17 price target, providing third‑party validation of the company’s growth trajectory. Article Title
• Neutral Sentiment: Telsey raised its price target from $9 to $15 and set a “market perform” rating — upgrade in target, but PT sits slightly below the current share price. Article Title
• Neutral Sentiment: BTIG reaffirmed a “buy” rating with a $15 target — keeps buy conviction but target is not above the current price, limiting near-term upside from that shop. Article Title
• Neutral Sentiment: Conference call and analyst write-ups published — transcripts and call highlights provide detail on Olympic partnership, international rollout and margin levers for investors doing deeper diligence. Article Title
• Negative Sentiment: Valuation and mixed price-targets risk — FIGS trades with a high P/E and recently hit a 12‑month high, leaving shares vulnerable to profit-taking; several widely cited targets (~$15) sit at or below the current price. Article Title

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of FIGS from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. BTIG Research reiterated a “buy” rating and issued a $15.00 target price on shares of FIGS in a research note on Friday. KeyCorp upgraded shares of FIGS from a “sector weight” rating to an “overweight” rating and set a $17.00 price target for the company in a research note on Friday. Morgan Stanley lifted their price target on shares of FIGS from $7.50 to $8.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Finally, Barclays increased their price objective on FIGS from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, FIGS currently has an average rating of “Hold” and an average price target of $12.25.

Insider Activity at FIGS

In related news, CFO Sarah Oughtred sold 22,690 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total transaction of $239,606.40. Following the sale, the chief financial officer directly owned 821,500 shares in the company, valued at approximately $8,675,040. The trade was a 2.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heather L. Hasson sold 22,874 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 1,251,967 shares of the company’s stock, valued at approximately $13,220,771.52. This represents a 1.79% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 105,813 shares of company stock worth $1,168,051. 29.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On FIGS

A number of large investors have recently modified their holdings of the company. Invesco Ltd. grew its stake in FIGS by 135.9% during the fourth quarter. Invesco Ltd. now owns 503,470 shares of the company’s stock valued at $5,719,000 after acquiring an additional 290,052 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in FIGS by 6.3% in the 4th quarter. Corient Private Wealth LLC now owns 350,694 shares of the company’s stock valued at $3,984,000 after purchasing an additional 20,843 shares during the period. Zacks Investment Management purchased a new position in shares of FIGS during the 4th quarter valued at $1,217,000. VARCOV Co. purchased a new position in shares of FIGS during the 4th quarter valued at $409,000. Finally, Voloridge Investment Management LLC increased its holdings in shares of FIGS by 77.3% in the fourth quarter. Voloridge Investment Management LLC now owns 332,960 shares of the company’s stock worth $3,782,000 after purchasing an additional 145,135 shares during the period. 92.21% of the stock is currently owned by institutional investors.

FIGS Stock Up 23.8%

The company has a market cap of $2.54 billion, a PE ratio of 81.24 and a beta of 1.29. The stock has a 50-day moving average of $11.39 and a 200-day moving average of $9.35.

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.