FIGS, Inc. (NYSE:FIGS) Receives $9.20 Consensus Target Price from Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have received an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $9.20.

A number of equities research analysts have recently commented on FIGS shares. Wall Street Zen cut FIGS from a “strong-buy” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group lifted their price objective on shares of FIGS from $5.00 to $5.50 and gave the stock a “sell” rating in a research report on Friday, November 7th. BTIG Research boosted their target price on shares of FIGS from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Research upgraded shares of FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of FIGS in a report on Monday, December 8th.

FIGS Stock Up 2.0%

FIGS stock opened at $11.91 on Friday. FIGS has a 52 week low of $3.57 and a 52 week high of $12.20. The company’s 50 day moving average price is $8.93 and its two-hundred day moving average price is $7.20. The stock has a market cap of $1.96 billion, a P/E ratio of 119.12 and a beta of 1.31.

FIGS (NYSE:FIGS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. FIGS had a return on equity of 4.50% and a net margin of 3.03%.The business had revenue of $151.66 million for the quarter, compared to analyst estimates of $142.39 million. During the same period last year, the company posted ($0.01) earnings per share. FIGS’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that FIGS will post 0.01 EPS for the current year.

Insider Buying and Selling at FIGS

In related news, CFO Sarah Oughtred sold 22,745 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total value of $168,085.55. Following the sale, the chief financial officer directly owned 845,345 shares in the company, valued at approximately $6,247,099.55. The trade was a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Catherine Eva Spear sold 62,213 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $6.88, for a total transaction of $428,025.44. Following the sale, the chief executive officer directly owned 1,907,033 shares in the company, valued at approximately $13,120,387.04. This trade represents a 3.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 118,282 shares of company stock worth $842,076 over the last ninety days. 29.44% of the stock is currently owned by company insiders.

Institutional Trading of FIGS

Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE purchased a new stake in shares of FIGS during the 1st quarter valued at approximately $70,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of FIGS by 11.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,043,970 shares of the company’s stock worth $4,792,000 after acquiring an additional 108,788 shares during the period. Invesco Ltd. grew its position in shares of FIGS by 16.5% in the first quarter. Invesco Ltd. now owns 169,755 shares of the company’s stock valued at $779,000 after purchasing an additional 24,021 shares in the last quarter. Nuveen LLC purchased a new position in shares of FIGS in the first quarter valued at $958,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of FIGS during the 1st quarter valued at $334,000. Institutional investors own 92.21% of the company’s stock.

About FIGS

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.