FIGS (NYSE:FIGS) Hits New 12-Month High – Here’s Why

FIGS, Inc. (NYSE:FIGS) shares hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $17.98 and last traded at $17.7540, with a volume of 11,302,531 shares trading hands. The stock had previously closed at $15.78.

FIGS News Roundup

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Analysis points to expanding customer metrics as a potential foundation for sustainable profitability. Continued customer acquisition, engagement and retention could support revenue growth and improve operating leverage. FIGS Investment Analysis: Will the Expansion of Customer Metrics Translate into Sustainable Profitability?
• Positive Sentiment: A bullish Seeking Alpha analysis argues that FIGS could be re-rated further even after its roughly 150% share-price advance, suggesting investors may increasingly value the company’s growth and profitability prospects. FIGS Inc.: Even After 150% Share Price Growth, The Stock Can Further Re-Rate
• Positive Sentiment: FIGS’ product innovation—including new scrub designs, improved fits and broader apparel offerings—is being credited with strengthening customer loyalty and engagement, supporting the growth narrative. FIGS’ Product Innovation Strengthens Customer Loyalty & Engagement
• Positive Sentiment: Momentum-focused coverage notes that FIGS has gained 16.72% over the past week, increasing its appeal to technical and momentum investors. FIGS Is Up 16.72% in One Week: What You Should Know
• Positive Sentiment: Unusual options activity showed investors purchasing 2,026 FIGS call contracts, double the average volume, signaling increased speculative bullish interest.
• Neutral Sentiment: FIGS reached a new 52-week high, prompting coverage of whether the rally can continue. The milestone confirms strong momentum but also raises the bar for future results. FIGS Hit a 52 Week High, Can the Run Continue?
• Negative Sentiment: After the sharp advance, valuation and execution risks are more important: FIGS must convert customer and product momentum into durable revenue growth and profitability to justify further gains. FIGS Hits New 52-Week High – Time to Buy?

Analyst Ratings Changes

FIGS has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of FIGS from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 7th. BTIG Research lifted their price objective on shares of FIGS from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $16.00 price target on shares of FIGS in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of FIGS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, FIGS has an average rating of “Moderate Buy” and a consensus target price of $18.71.

FIGS Stock Up 2.9%

The firm has a market cap of $3.08 billion, a PE ratio of 56.10 and a beta of 1.06. The company’s 50 day moving average price is $14.30 and its two-hundred day moving average price is $13.02.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. FIGS had a net margin of 8.72% and a return on equity of 12.53%. The firm had revenue of $196.62 million during the quarter, compared to analyst estimates of $186.17 million. During the same quarter last year, the business earned $0.04 EPS. The business’s revenue was up 28.8% on a year-over-year basis. On average, analysts expect that FIGS, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of FIGS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIGS. Integrated Wealth Concepts LLC bought a new position in shares of FIGS during the second quarter valued at approximately $41,000. IFP Advisors Inc raised its holdings in shares of FIGS by 120.2% in the second quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock worth $45,000 after buying an additional 2,396 shares during the period. OP Asset Management Ltd bought a new stake in shares of FIGS during the 1st quarter worth approximately $115,000. R Squared Ltd lifted its stake in shares of FIGS by 42.0% during the 1st quarter. R Squared Ltd now owns 15,009 shares of the company’s stock worth $222,000 after acquiring an additional 4,436 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in shares of FIGS during the 1st quarter worth approximately $239,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

About FIGS

FIGS, Inc (NYSE: FIGS) is a healthcare apparel and lifestyle company that designs and sells clothing, footwear, accessories and other products for healthcare professionals. Its product portfolio includes medical scrubs, lab coats, jackets, underscrubs, shoes, bags and related essentials designed for use in clinical and professional settings.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS built its business around modern, performance-oriented alternatives to traditional medical uniforms.