FIGS (NYSE:FIGS) Rating Increased to Hold at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of FIGS (NYSE:FIGS) from a strong sell rating to a hold rating in a report released on Friday,Zacks.com reports.

FIGS has been the topic of several other research reports. BTIG Research restated a “buy” rating and set a $15.00 price objective on shares of FIGS in a report on Friday. Barclays upgraded FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday. Zacks Research raised FIGS from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Telsey Advisory Group increased their price objective on shares of FIGS from $9.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.25.

FIGS Trading Up 23.8%

FIGS traded up $2.97 during midday trading on Friday, reaching $15.44. The company’s stock had a trading volume of 26,065,822 shares, compared to its average volume of 3,206,535. The company has a fifty day simple moving average of $11.39 and a 200 day simple moving average of $9.35. The stock has a market cap of $2.54 billion, a P/E ratio of 81.24 and a beta of 1.29. FIGS has a twelve month low of $3.57 and a twelve month high of $15.90.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.08. The company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $165.33 million. FIGS had a return on equity of 8.62% and a net margin of 5.43%.FIGS’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. Sell-side analysts expect that FIGS will post 0.01 earnings per share for the current year.

Insider Buying and Selling at FIGS

In other FIGS news, CEO Catherine Eva Spear sold 49,734 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $11.38, for a total transaction of $565,972.92. Following the sale, the chief executive officer directly owned 1,857,299 shares of the company’s stock, valued at approximately $21,136,062.62. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather L. Hasson sold 22,874 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total transaction of $241,549.44. Following the sale, the insider directly owned 1,251,967 shares of the company’s stock, valued at approximately $13,220,771.52. The trade was a 1.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,813 shares of company stock worth $1,168,051 over the last ninety days. Corporate insiders own 29.44% of the company’s stock.

Institutional Trading of FIGS

Several large investors have recently made changes to their positions in the business. Marshall Wace LLP raised 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 valued at $48,824,000 after buying an additional 1,712,610 shares during the last quarter. Bamco Inc. NY increased its position in FIGS by 2.2% in the 2nd quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock valued at $338,256,000 after acquiring an additional 1,302,823 shares in the last quarter. BNP Paribas Financial Markets raised its stake 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 acquiring an additional 1,249,091 shares during the last quarter. Ameriprise Financial Inc. raised its stake 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 acquiring an additional 1,144,962 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of FIGS by 940.7% during the second quarter. Squarepoint Ops LLC now owns 924,092 shares of the company’s stock worth $5,212,000 after purchasing an additional 835,300 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

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

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.