FIGS, Inc. (FIGS) – What Are Brokerages Thinking About This Stock?

FIGS, Inc. (NYSE:FIGS) has earned an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.14.

A number of analysts recently weighed in on FIGS shares. Wall Street Zen cut shares of FIGS from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Telsey Advisory Group cut their price objective on FIGS from $17.00 to $16.00 and set a “market perform” rating on the stock in a research report on Friday, August 7th. Weiss Ratings upgraded FIGS from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 27th. KeyCorp upped their target price on FIGS from $20.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Roth Capital reaffirmed a “buy” rating on shares of FIGS in a research report on Friday, August 7th.

Hedge Funds Weigh In On FIGS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in FIGS during the 2nd quarter worth $41,000. Sterling Capital Management LLC boosted its position in FIGS by 848.2% in the 3rd quarter. Sterling Capital Management LLC now owns 3,167 shares of the company’s stock valued at $44,000 after buying an additional 2,833 shares during the last quarter. IFP Advisors Inc boosted its position in FIGS by 120.2% in the 2nd quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock valued at $45,000 after buying an additional 2,396 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of FIGS during the third quarter valued at about $116,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of FIGS by 11,872.9% during the third quarter. SBI Securities Co. Ltd. now owns 14,128 shares of the company’s stock valued at $196,000 after acquiring an additional 14,010 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

FIGS Stock Up 0.7%

Shares of FIGS stock opened at $19.96 on Monday. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 52.53 and a beta of 1.05. FIGS has a fifty-two week low of $8.00 and a fifty-two week high of $22.46. The firm’s 50 day moving average price is $16.34 and its two-hundred day moving average price is $13.64.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. FIGS had a net margin of 9.67% and a return on equity of 14.78%. The company had revenue of $190.69 million during the quarter, compared to analyst estimates of $182.82 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. On average, equities analysts forecast that FIGS will post 0.34 EPS for the current fiscal year.

Key Headlines Impacting FIGS

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: KeyCorp raised its price target on FIGS to $27 from $20 and reiterated an “overweight” rating. The new target implies 35.3% upside from the cited $19.96 share price. KeyCorp ratings
• Positive Sentiment: FIGS reported Q3 revenue of $190.7 million, up 25.7% year over year and above the $182.8 million analyst estimate. Earnings of $0.10 per share also beat the $0.07 consensus and doubled the year-ago $0.05. Q3 earnings report
• Positive Sentiment: Management also provided optimistic revenue guidance for the next quarter, adding to the upbeat earnings report. Q3 sales and guidance article
• Negative Sentiment: A recent analysis described FIGS as “priced for perfection” after a substantial run-up, suggesting high expectations could limit further gains or magnify a disappointment. Valuation analysis

FIGS Company Profile

FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing and accessories for healthcare professionals. Its product portfolio includes scrubs, underscrubs, outerwear, footwear, bags and other accessories intended to combine functionality, comfort and contemporary design.

The company sells primarily through its digital platform and also operates retail locations and other distribution channels. FIGS serves healthcare professionals in the United States and select international markets, including Canada, the United Kingdom and Australia.

FIGS was founded in 2013 by Heather Hasson and Trina Spear.