FIGS (NYSE:FIGS) Hits New 12-Month High – Should You Buy?

Shares of FIGS, Inc. (NYSE:FIGS) hit a new 52-week high during trading on Thursday . The stock traded as high as $10.23 and last traded at $10.0060, with a volume of 3590505 shares traded. The stock had previously closed at $9.64.

Wall Street Analyst Weigh In

FIGS has been the subject of a number of research reports. Cowen reiterated a “hold” rating on shares of FIGS in a research note on Friday, August 8th. Wall Street Zen raised FIGS from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. BTIG Research boosted their price target on FIGS from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, November 7th. Morgan Stanley upped their price target on FIGS from $4.25 to $5.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of FIGS from $5.00 to $5.50 and gave the stock a “sell” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.70.

FIGS Price Performance

The company has a fifty day moving average price of $7.46 and a 200 day moving average price of $6.28. The company has a market capitalization of $1.63 billion, a P/E ratio of 100.06, a price-to-earnings-growth ratio of 3.90 and a beta of 1.34.

FIGS (NYSE:FIGS) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $151.66 million for the quarter, compared to the consensus estimate of $142.39 million. FIGS had a return on equity of 4.50% and a net margin of 3.03%.The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. FIGS has set its FY 2025 guidance at EPS. On average, equities research analysts predict that FIGS, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Heather L. Hasson sold 23,356 shares of FIGS stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $7.39, for a total value of $172,600.84. Following the sale, the insider directly owned 1,274,841 shares in the company, valued at $9,421,074.99. This trade represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Catherine Eva Spear sold 62,213 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $6.88, for a total transaction of $428,025.44. Following the transaction, the chief executive officer directly owned 1,907,033 shares of the company’s stock, valued at $13,120,387.04. The trade was a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 118,282 shares of company stock valued at $842,076. 29.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FIGS

A number of hedge funds have recently made changes to their positions in FIGS. Bamco Inc. NY boosted its position in shares of FIGS by 2.2% during the second quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock worth $338,256,000 after buying an additional 1,302,823 shares during the period. Ameriprise Financial Inc. raised its stake in FIGS by 9.0% during the 2nd 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 in the last quarter. Vanguard Group Inc. boosted its position in FIGS by 4.6% during the 3rd 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 period. Dimensional Fund Advisors LP boosted its position in FIGS by 1.6% during the 3rd 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 period. Finally, Black Creek Investment Management Inc. grew its stake in shares of FIGS by 1.1% in the third quarter. Black Creek Investment Management Inc. now owns 1,434,691 shares of the company’s stock worth $9,598,000 after purchasing an additional 16,000 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.