Western Standard LLC Makes New $1.86 Million Investment in FIGS, Inc. $FIGS

Western Standard LLC bought a new stake in FIGS, Inc. (NYSE:FIGS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 278,440 shares of the company’s stock, valued at approximately $1,863,000. FIGS accounts for 0.6% of Western Standard LLC’s holdings, making the stock its 22nd largest holding. Western Standard LLC owned 0.17% of FIGS at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Bamco Inc. NY increased its position in shares of FIGS by 2.2% during the second 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 in the last quarter. Ameriprise Financial Inc. boosted its stake in FIGS by 9.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock valued at $78,602,000 after purchasing an additional 1,144,962 shares during the last quarter. Vanguard Group Inc. increased its holdings in FIGS by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock worth $64,286,000 after purchasing an additional 425,189 shares in the last quarter. Black Creek Investment Management Inc. raised its stake in shares of FIGS by 18.9% in the second quarter. Black Creek Investment Management Inc. now owns 1,418,691 shares of the company’s stock worth $8,001,000 after purchasing an additional 225,696 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of FIGS by 2,139.7% in the second quarter. BNP Paribas Financial Markets now owns 1,307,468 shares of the company’s stock worth $7,374,000 after purchasing an additional 1,249,091 shares during the last quarter. 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: Q4 beat — FIGS reported $0.10 EPS vs. $0.02 consensus and revenue of $201.9M (+33% YoY), driven by higher ASPs and channel growth; this is the core catalyst for the rally. FIGS Q4 results and materials
• Positive Sentiment: Raised FY‑2026 revenue guide — management provided a revenue range roughly $694.2M–$706.8M (centered near $700M), materially above the prior street consensus (~$625.6M), and reiterated margin expansion plans. That guidance materially improves forward top‑line visibility. Figs targets $700M revenue in 2026
• Positive Sentiment: Execution and growth levers — management highlighted international expansion, retail openings and partnerships (including Olympic-related initiatives) as drivers of durable customer acquisition and wholesale/DTC mix improvement. These strategic moves support the raised outlook. FIGS Q4 2025 Earnings Call Highlights
• Positive Sentiment: Market reaction — coverage notes the stock hit a new 12‑month high on the results, reflecting investor enthusiasm for the beat + guide combo. FIGS sets new 12‑month high
• Neutral Sentiment: Analyst tone shifting — some sell‑side coverage calls the narrative “cautious yet constructive,” with models being updated to factor in stronger top‑line but still conservative margin timing. Monitor updated estimates and cadence in next quarters. Investment narrative shifting
• Negative Sentiment: Profitability & valuation remain watchpoints — despite revenue strength, trailing net margin is low (~3.0%) and ROE modest (~4.5%); the stock trades at a high PE (~126), so expectations are elevated and any execution slip could pressure shares. Zacks analysis of key metrics

Insider Activity at FIGS

In related news, CEO Catherine Eva Spear sold 49,734 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $11.38, for a total transaction of $565,972.92. Following the completion of the sale, the chief executive officer directly owned 1,857,299 shares in the company, valued at $21,136,062.62. This represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sarah Oughtred sold 22,690 shares of FIGS stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total value of $239,606.40. Following the sale, the chief financial officer owned 821,500 shares in the company, valued at $8,675,040. This represents a 2.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 105,813 shares of company stock valued at $1,168,051. Corporate insiders own 29.44% of the company’s stock.

FIGS Stock Up 15.0%

Shares of FIGS stock opened at $12.60 on Friday. The company has a 50 day moving average of $11.33 and a 200-day moving average of $9.29. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $12.66. The firm has a market cap of $2.07 billion, a P/E ratio of 126.00 and a beta of 1.29.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The business had revenue of $201.90 million for the quarter, compared to the consensus estimate of $165.33 million. FIGS had a net margin of 3.03% and a return on equity of 4.50%. The company’s revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, equities analysts expect that FIGS, Inc. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIGS. Morgan Stanley upped their price target on FIGS from $7.50 to $8.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. BTIG Research reiterated a “buy” rating and issued a $15.00 target price on shares of FIGS in a research note on Friday. Telsey Advisory Group raised their price target on shares of FIGS from $9.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday. The Goldman Sachs Group boosted their price target on shares of FIGS from $5.50 to $7.50 and gave the stock a “sell” rating in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FIGS in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, FIGS currently has a consensus rating of “Hold” and an average target price of $12.25.

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.