FIGS, Inc. (NYSE:FIGS) Receives $18.71 Average Price Target from Brokerages

Shares of FIGS, Inc. (NYSE:FIGS) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.7143.

A number of research analysts recently commented on the company. BTIG Research upped their price objective on FIGS from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. KeyCorp raised their target price on FIGS from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $16.00 price target on shares of FIGS in a report on Friday, August 7th. Weiss Ratings upgraded shares of FIGS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, Roth Capital reaffirmed a “buy” rating on shares of FIGS in a report on Friday, August 7th.

Institutional Investors Weigh In On FIGS

Large investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its position in shares of FIGS by 69.6% during the second quarter. Tidal Investments LLC now owns 27,467 shares of the company’s stock worth $281,000 after buying an additional 11,270 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in FIGS in the 2nd quarter valued at approximately $41,000. IFP Advisors Inc raised its stake in FIGS by 120.2% during the 2nd quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock valued at $45,000 after acquiring an additional 2,396 shares in the last quarter. Navellier & Associates Inc. raised its stake in FIGS by 118.8% during the 2nd quarter. Navellier & Associates Inc. now owns 44,128 shares of the company’s stock valued at $451,000 after acquiring an additional 23,957 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in FIGS during the 2nd quarter worth $12,304,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

FIGS Stock Up 1.5%

Shares of FIGS stock opened at $13.10 on Friday. The company has a market cap of $2.18 billion, a P/E ratio of 39.68 and a beta of 1.07. The business has a 50 day moving average of $12.72 and a two-hundred day moving average of $13.17. FIGS has a 52 week low of $6.50 and a 52 week high of $17.48.

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

About FIGS

FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing, footwear and accessories for healthcare professionals. Its product portfolio includes medical scrubs, scrub jackets, lab coats, underscrubs, outerwear, shoes, bags and other work-related accessories.

The company markets its products through its digital platform, retail locations and selected wholesale channels. FIGS emphasizes technical fabrics, comfort, functionality and contemporary styling, seeking to provide alternatives to traditional medical uniforms for nurses, physicians and other healthcare workers.

FIGS was founded in 2013 by Heather Hasson and Trina Spear and is headquartered in Santa Monica, California.