FIGS, Inc. (NYSE:FIGS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $15.9286.

Several analysts recently issued reports on the stock. Oppenheimer raised shares of FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Friday, March 20th. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Weiss Ratings cut shares of FIGS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Zacks Research cut shares of FIGS from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group upgraded shares of FIGS from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th.

Insider Buying and Selling

In related news, CFO Sarah Oughtred sold 23,597 shares of FIGS stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $338,145.01. Following the transaction, the chief financial officer owned 1,129,791 shares of the company’s stock, valued at $16,189,905.03. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Catherine Eva Spear sold 62,335 shares of FIGS stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $14.44, for a total transaction of $900,117.40. Following the completion of the transaction, the chief executive officer directly owned 1,794,964 shares in the company, valued at approximately $25,919,280.16. The trade was a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 129,189 shares of company stock valued at $1,859,331 over the last ninety days. Insiders own 27.06% of the company’s stock.

Hedge Funds Weigh In On FIGS

A number of institutional investors have recently added to or reduced their stakes in FIGS. Ameriprise Financial Inc. boosted 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 valued at $78,602,000 after acquiring an additional 1,144,962 shares during the period. Vanguard Group Inc. lifted its holdings in shares of FIGS by 4.6% in the third quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock worth $64,286,000 after acquiring an additional 425,189 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of FIGS by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,417,008 shares of the company’s stock worth $29,549,000 after acquiring an additional 70,660 shares during the last quarter. Marshall Wace LLP lifted 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 acquiring an additional 1,712,610 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of FIGS by 167.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,070,258 shares of the company’s stock worth $60,118,000 after acquiring an additional 2,546,905 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

FIGS Stock Performance

Shares of NYSE:FIGS opened at $11.22 on Friday. The company has a market cap of $1.87 billion, a PE ratio of 51.00 and a beta of 1.04. FIGS has a 52 week low of $4.98 and a 52 week high of $17.48. The firm has a 50 day simple moving average of $13.48 and a 200 day simple moving average of $12.70.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. FIGS had a net margin of 6.10% and a return on equity of 9.69%. The firm had revenue of $159.90 million for the quarter, compared to analyst estimates of $153.15 million. The company’s quarterly revenue was up 28.0% on a year-over-year basis. On average, equities analysts predict that FIGS will post 0.25 earnings per share for the current year.

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.