Equities Analysts Set Expectations for FIGS, Inc.’s Q1 2024 Earnings (NYSE:FIGS)

FIGS, Inc. (NYSE:FIGS) – Equities researchers at Telsey Advisory Group issued their Q1 2024 EPS estimates for shares of FIGS in a research note issued on Friday, May 3rd. Telsey Advisory Group analyst D. Telsey forecasts that the company will post earnings per share of ($0.01) for the quarter. Telsey Advisory Group has a “Market Perform” rating and a $6.00 price target on the stock. The consensus estimate for FIGS’s current full-year earnings is $0.05 per share. Telsey Advisory Group also issued estimates for FIGS’s Q2 2024 earnings at $0.01 EPS, Q3 2024 earnings at $0.02 EPS, Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.06 EPS.

A number of other equities research analysts also recently weighed in on the company. Barclays decreased their target price on FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Oppenheimer lowered FIGS from an “outperform” rating to a “market perform” rating in a research note on Friday, March 8th. Bank of America reissued an “underperform” rating and set a $4.50 price objective (down from $8.50) on shares of FIGS in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, FIGS has an average rating of “Hold” and a consensus target price of $4.94.

FIGS Price Performance

NYSE FIGS opened at $5.04 on Monday. The company’s fifty day moving average is $5.06 and its two-hundred day moving average is $5.97. The firm has a market capitalization of $856.35 million, a price-to-earnings ratio of 45.82, a P/E/G ratio of 16.27 and a beta of 1.41. FIGS has a 52-week low of $4.37 and a 52-week high of $8.84.

FIGS (NYSE:FIGS) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $144.90 million for the quarter, compared to the consensus estimate of $149.09 million. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share.

Institutional Investors Weigh In On FIGS

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of FIGS by 321.5% in the 4th quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock valued at $21,377,000 after purchasing an additional 2,345,994 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of FIGS in the fourth quarter valued at approximately $12,152,000. Bamco Inc. NY increased its position in shares of FIGS by 6.2% during the third quarter. Bamco Inc. NY now owns 25,032,830 shares of the company’s stock worth $147,694,000 after acquiring an additional 1,470,706 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of FIGS by 4.6% during the third quarter. Vanguard Group Inc. now owns 12,278,070 shares of the company’s stock worth $72,441,000 after acquiring an additional 538,251 shares during the period. Finally, Applied Fundamental Research LLC lifted its position in FIGS by 25.8% in the 1st quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock valued at $12,427,000 after acquiring an additional 511,794 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at FIGS

In related news, insider Heather L. Hasson sold 27,547 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $5.93, for a total value of $163,353.71. Following the completion of the transaction, the insider now owns 499,308 shares in the company, valued at approximately $2,960,896.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Heather L. Hasson sold 27,547 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $5.93, for a total value of $163,353.71. Following the transaction, the insider now owns 499,308 shares in the company, valued at $2,960,896.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniella Turenshine sold 15,762 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total transaction of $87,321.48. Following the completion of the transaction, the chief financial officer now directly owns 409,858 shares in the company, valued at approximately $2,270,613.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,334 shares of company stock worth $285,986. 21.40% of the stock is currently owned by corporate insiders.

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.