FIGS, Inc. (NYSE:FIGS) Receives Average Rating of “Moderate Buy” from Analysts

FIGS, Inc. (NYSE:FIGSGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $15.9286.

A number of research firms have recently weighed in on FIGS. BTIG Research reaffirmed a “buy” rating and set a $20.00 price target on shares of FIGS in a research note on Friday, April 24th. Oppenheimer raised FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Friday, March 20th. The Goldman Sachs Group raised FIGS from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Wall Street Zen raised FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Finally, Morgan Stanley raised their price target on FIGS from $8.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, April 13th.

View Our Latest Research Report on FIGS

More FIGS News

Here are the key news stories impacting FIGS this week:

Insider Transactions at FIGS

In other news, CEO Catherine Eva Spear sold 62,335 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $14.44, for a total transaction of $900,117.40. Following the completion of the sale, the chief executive officer directly owned 1,794,964 shares of the company’s stock, valued at $25,919,280.16. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Heather L. Hasson sold 32,385 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $14.33, for a total value of $464,077.05. Following the sale, the chairman directly owned 1,433,807 shares of the company’s stock, valued at $20,546,454.31. This trade represents a 2.21% decrease in their ownership of the stock. 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 685,516 shares of company stock valued at $11,233,441 in the last three months. Corporate insiders own 29.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. FourThought Financial Partners LLC raised its stake in shares of FIGS by 3.6% in the 4th quarter. FourThought Financial Partners LLC now owns 32,851 shares of the company’s stock valued at $373,000 after acquiring an additional 1,138 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of FIGS by 4.2% in the 3rd quarter. GSA Capital Partners LLP now owns 52,045 shares of the company’s stock valued at $348,000 after acquiring an additional 2,083 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of FIGS by 0.8% in the 2nd quarter. Corient Private Wealth LLC now owns 332,938 shares of the company’s stock valued at $1,878,000 after acquiring an additional 2,612 shares in the last quarter. Creative Planning raised its stake in shares of FIGS by 4.9% in the 3rd quarter. Creative Planning now owns 68,932 shares of the company’s stock valued at $461,000 after acquiring an additional 3,192 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of FIGS by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock valued at $354,000 after acquiring an additional 3,276 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

FIGS Trading Up 0.3%

Shares of NYSE FIGS opened at $11.67 on Monday. FIGS has a one year low of $4.25 and a one year high of $17.48. The firm has a market capitalization of $1.94 billion, a PE ratio of 53.04 and a beta of 1.12. The business has a 50-day moving average price of $15.08 and a two-hundred day moving average price of $12.10.

FIGS (NYSE:FIGSGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. FIGS had a return on equity of 9.77% and a net margin of 6.10%.The firm had revenue of $159.90 million during the quarter, compared to analyst estimates of $153.15 million. The firm’s revenue was up 28.0% compared to the same quarter last year. Research analysts anticipate that FIGS will post 0.25 EPS for the current year.

FIGS Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for FIGS (NYSE:FIGS)

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