FIGS, Inc. (NYSE:FIGS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.10.

A number of brokerages recently issued reports on FIGS. Wolfe Research raised shares of FIGS to a “buy” rating in a report on Wednesday, December 10th. Barclays raised their price target on shares of FIGS from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Morgan Stanley boosted their target price on FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FIGS in a report on Monday, December 29th. Finally, Wall Street Zen upgraded FIGS from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th.

Insider Transactions at FIGS

In other FIGS news, insider Heather L. Hasson sold 23,356 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $7.39, for a total transaction of $172,600.84. Following the transaction, the insider directly owned 1,274,841 shares in the company, valued at $9,421,074.99. This represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Catherine Eva Spear sold 49,734 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $11.38, for a total value of $565,972.92. Following the transaction, the chief executive officer owned 1,857,299 shares in the company, valued at $21,136,062.62. This trade represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 106,350 shares of company stock worth $1,027,582 in the last ninety days. Insiders own 29.44% of the company’s stock.

Hedge Funds Weigh In On FIGS

A number of institutional investors have recently bought and sold shares of FIGS. Farther Finance Advisors LLC grew its stake in shares of FIGS by 12,795.0% during the second quarter. Farther Finance Advisors LLC now owns 5,158 shares of the company’s stock worth $29,000 after purchasing an additional 5,118 shares during the period. XTX Topco Ltd acquired a new position in shares of FIGS in the second quarter valued at approximately $671,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of FIGS in the second quarter valued at about $72,000. Bamco Inc. NY boosted its position in FIGS by 2.2% during the 2nd quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock worth $338,256,000 after acquiring an additional 1,302,823 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in FIGS by 28.6% during the second quarter. ProShare Advisors LLC now owns 772,968 shares of the company’s stock worth $4,360,000 after purchasing an additional 172,027 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Stock Performance

Shares of FIGS stock opened at $10.81 on Friday. FIGS has a one year low of $3.57 and a one year high of $12.50. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 108.10 and a beta of 1.30. The stock has a 50 day moving average price of $11.40 and a 200-day moving average price of $8.69.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company 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 4.50% and a net margin of 3.03%.FIGS’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) EPS. Sell-side analysts predict that FIGS will post 0.01 earnings per share for the current fiscal year.

About FIGS

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.