FIGS, Inc. (NYSE:FIGS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of FIGS, Inc. (NYSE:FIGS) have earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $18.7143.

Several analysts recently issued reports on FIGS shares. Zacks Research cut FIGS from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. BTIG Research upped their price target on FIGS from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.00 price objective on shares of FIGS in a report on Friday, August 7th. KeyCorp lifted their price objective on shares of FIGS from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of FIGS from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday.

Institutional Trading of FIGS

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its holdings in shares of FIGS by 167.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,070,258 shares of the company’s stock valued at $60,118,000 after purchasing an additional 2,546,905 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of FIGS by 66.2% in the fourth quarter. Marshall Wace LLP now owns 4,297,868 shares of the company’s stock worth $48,824,000 after purchasing an additional 1,712,610 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of FIGS by 2,139.7% in the second quarter. BNP Paribas Financial Markets now owns 1,307,468 shares of the company’s stock worth $7,374,000 after purchasing an additional 1,249,091 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of FIGS in the second quarter worth about $12,304,000. Finally, Ameriprise Financial Inc. lifted its position in shares of FIGS by 9.0% in the second quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock worth $78,602,000 after buying an additional 1,144,962 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

FIGS Stock Performance

FIGS opened at $14.79 on Wednesday. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 44.80 and a beta of 1.03. The firm’s fifty day moving average is $11.58 and its 200 day moving average is $12.79. FIGS has a fifty-two week low of $6.49 and a fifty-two week high of $17.48.

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

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.