FIGS (NYSE:FIGS) Announces Earnings Results

FIGS (NYSE:FIGS) announced its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03, Zacks reports. 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 4.58% and a net margin of 3.03%.The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. FIGS updated its FY 2025 guidance to EPS.

FIGS Trading Up 13.9%

Shares of NYSE FIGS traded up $1.05 during mid-day trading on Friday, reaching $8.57. The company had a trading volume of 5,890,908 shares, compared to its average volume of 1,679,870. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 85.69, a price-to-earnings-growth ratio of 5.48 and a beta of 1.34. FIGS has a 52 week low of $3.57 and a 52 week high of $8.90. The business’s 50-day moving average is $7.29 and its 200-day moving average is $6.17.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Telsey Advisory Group restated a “market perform” rating and issued a $9.00 price target (up from $7.00) on shares of FIGS in a research note on Monday, November 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of FIGS in a report on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of FIGS from $4.25 to $5.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. BTIG Research boosted their price objective on shares of FIGS from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group increased their target price on shares of FIGS from $5.00 to $5.50 and gave the company a “sell” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.90.

Insider Transactions at FIGS

In other FIGS news, CFO Sarah Oughtred sold 22,745 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total transaction of $168,085.55. Following the transaction, the chief financial officer directly owned 845,345 shares in the company, valued at $6,247,099.55. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Catherine Eva Spear sold 65,866 shares of FIGS stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.88, for a total value of $453,158.08. Following the sale, the chief executive officer directly owned 1,969,246 shares of the company’s stock, valued at approximately $13,548,412.48. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 184,148 shares of company stock valued at $1,295,234. 29.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FIGS

Several hedge funds have recently modified their holdings of FIGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 during the period. Woodline Partners LP bought a new stake in FIGS during the first quarter valued at about $3,199,000. Creative Planning grew its stake in FIGS by 181.3% in the second quarter. Creative Planning now owns 65,740 shares of the company’s stock valued at $371,000 after purchasing an additional 42,367 shares during the last quarter. Prudential Financial Inc. purchased a new position in FIGS in the second quarter valued at about $70,000. Finally, Russell Investments Group Ltd. raised its holdings in FIGS by 102.4% in the second quarter. Russell Investments Group Ltd. now owns 147,440 shares of the company’s stock worth $832,000 after purchasing an additional 74,578 shares in the last quarter. Hedge funds and other 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.