FIGS (NYSE:FIGS) Rating Increased to Strong-Buy at Barclays

FIGS (NYSE:FIGS) was upgraded by equities research analysts at Barclays from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. BTIG Research reiterated a “buy” rating and set a $15.00 price objective on shares of FIGS in a report on Friday. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research upgraded FIGS from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Morgan Stanley increased their price objective on FIGS from $7.50 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of FIGS in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

FIGS Stock Performance

Shares of FIGS stock opened at $15.44 on Friday. The stock has a 50 day moving average price of $11.39 and a 200 day moving average price of $9.35. FIGS has a 52-week low of $3.57 and a 52-week high of $15.90. The firm has a market capitalization of $2.54 billion, a P/E ratio of 81.24 and a beta of 1.29.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, February 26th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. FIGS had a return on equity of 8.62% and a net margin of 5.43%.The business had revenue of $201.90 million for the quarter, compared to analyst estimates of $165.33 million. During the same quarter last year, the firm posted $0.01 earnings per share. The business’s revenue was up 33.0% compared to the same quarter last year. As a group, sell-side analysts forecast that FIGS will post 0.01 EPS for the current year.

Insider Activity

In other FIGS news, CFO Sarah Oughtred sold 22,690 shares of the company’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 completion of the sale, the chief financial officer owned 821,500 shares in the company, valued at $8,675,040. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather L. Hasson sold 22,874 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total value of $241,549.44. Following the sale, the insider directly owned 1,251,967 shares in the company, valued at $13,220,771.52. This trade represents a 1.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 105,813 shares of company stock worth $1,168,051. Corporate insiders own 29.44% of the company’s stock.

Institutional Investors Weigh In On FIGS

A number of hedge funds have recently made changes to their positions in FIGS. Bamco Inc. NY boosted its position in FIGS by 2.2% during the second quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock valued at $338,256,000 after purchasing an additional 1,302,823 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of FIGS by 9.0% during the second quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock valued at $78,602,000 after buying an additional 1,144,962 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of FIGS by 4.6% during the third quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock valued at $64,286,000 after buying an additional 425,189 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FIGS by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,417,008 shares of the company’s stock valued at $29,549,000 after buying an additional 70,660 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of FIGS by 66.2% in the 4th quarter. Marshall Wace LLP now owns 4,297,868 shares of the company’s stock worth $48,824,000 after buying an additional 1,712,610 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories 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

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.