Sanders Morris Harris LLC Makes New Investment in FIGS, Inc. $FIGS

Sanders Morris Harris LLC acquired a new stake in FIGS, Inc. (NYSE:FIGS) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $403,000.

Several other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in shares of FIGS by 69.6% in the second quarter. Tidal Investments LLC now owns 27,467 shares of the company’s stock valued at $281,000 after acquiring an additional 11,270 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of FIGS during the second quarter worth about $41,000. IFP Advisors Inc increased its stake in shares of FIGS by 120.2% during the second quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock worth $45,000 after acquiring an additional 2,396 shares during the period. Navellier & Associates Inc. raised its holdings in FIGS by 118.8% during the second quarter. Navellier & Associates Inc. now owns 44,128 shares of the company’s stock worth $451,000 after purchasing an additional 23,957 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in FIGS during the second quarter worth about $12,304,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Key FIGS News

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 Upgrades and Downgrades

A number of equities analysts have recently issued reports on FIGS shares. Telsey Advisory Group cut their target price on FIGS from $17.00 to $16.00 and set a “market perform” rating for the company in a research note on Friday, August 7th. Barclays lifted their target price on shares of FIGS from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $16.00 price objective on shares of FIGS in a research report on Friday, August 7th. BTIG Research upped their price objective on shares of FIGS from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded 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 given a Hold rating to the company’s stock. According to MarketBeat.com, FIGS presently has a consensus rating of “Moderate Buy” and an average price target of $18.71.

FIGS Trading Up 2.9%

Shares of FIGS stock opened at $18.51 on Thursday. FIGS, Inc. has a twelve month low of $7.21 and a twelve month high of $19.18. The stock has a market capitalization of $3.08 billion, a P/E ratio of 56.10 and a beta of 1.06. The business’s fifty day moving average price is $14.30 and its 200 day moving average price is $13.02.

FIGS (NYSE:FIGS) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $196.62 million during the quarter, compared to the consensus estimate of $186.17 million. FIGS had a return on equity of 12.53% and a net margin of 8.72%. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share. As a group, sell-side analysts predict that FIGS, Inc. will post 0.32 EPS for the current year.

FIGS Profile

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.