FIGS (NYSE:FIGS) Stock Price Up 9.9% on Strong Earnings

FIGS, Inc. (NYSE:FIGS) shares traded up 9.9% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $11.99 and last traded at $12.0440. 2,536,940 shares were traded during trading, a decline of 1% from the average session volume of 2,561,678 shares. The stock had previously closed at $10.96.

The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $165.33 million. FIGS had a net margin of 5.43% and a return on equity of 8.62%. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period last year, the company posted $0.01 earnings per share.

Key Stories Impacting FIGS

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Q4 earnings beat — FIGS reported $0.10 EPS vs. $0.02 consensus and revenue of $201.9M (up 33% YoY), signaling solid top-line momentum and margin expansion. Article Title
• Positive Sentiment: Aggressive FY2026 revenue guide — management is targeting roughly $694M–$707M (around a $700M target cited publicly), well above Street consensus (~$625.6M), and flagged international expansion and margin improvement as priorities. That guidance materially raises growth expectations. Article Title
• Positive Sentiment: Analyst upgrade — KeyCorp moved FIGS from sector weight to overweight with a $17 price target, providing third‑party validation of the company’s growth trajectory. Article Title
• Neutral Sentiment: Telsey raised its price target from $9 to $15 and set a “market perform” rating — upgrade in target, but PT sits slightly below the current share price. Article Title
• Neutral Sentiment: BTIG reaffirmed a “buy” rating with a $15 target — keeps buy conviction but target is not above the current price, limiting near-term upside from that shop. Article Title
• Neutral Sentiment: Conference call and analyst write-ups published — transcripts and call highlights provide detail on Olympic partnership, international rollout and margin levers for investors doing deeper diligence. Article Title
• Negative Sentiment: Valuation and mixed price-targets risk — FIGS trades with a high P/E and recently hit a 12‑month high, leaving shares vulnerable to profit-taking; several widely cited targets (~$15) sit at or below the current price. Article Title

Analyst Ratings Changes

A number of research analysts have recently weighed in on FIGS shares. Morgan Stanley raised their price objective on shares of FIGS from $7.50 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. BTIG Research reiterated a “buy” rating and set a $15.00 target price on shares of FIGS in a report on Friday. Barclays raised FIGS from a “hold” rating to a “strong-buy” rating in a report on Friday. Zacks Research raised FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FIGS currently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

Insider Activity at FIGS

In related news, CFO Sarah Oughtred sold 22,690 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $10.56, for a total transaction of $239,606.40. Following the transaction, the chief financial officer directly owned 821,500 shares in the company, valued at approximately $8,675,040. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Catherine Eva Spear sold 49,734 shares of FIGS stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $11.38, for a total value of $565,972.92. Following the completion of the sale, the chief executive officer owned 1,857,299 shares of the company’s stock, valued at $21,136,062.62. This trade represents a 2.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 105,813 shares of company stock worth $1,168,051. 29.44% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FIGS

Several hedge funds and other institutional investors have recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in FIGS during the 4th quarter worth approximately $45,000. Assetmark Inc. acquired a new position in FIGS during the third quarter valued at approximately $35,000. Kemnay Advisory Services Inc. purchased a new stake in FIGS during the fourth quarter worth approximately $69,000. Quarry LP increased its position in shares of FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after acquiring an additional 7,449 shares in the last quarter. Finally, Capstone Financial Advisors Inc. purchased a new position in shares of FIGS in the 2nd quarter valued at $56,000. 92.21% of the stock is owned by institutional investors and hedge funds.

FIGS Trading Up 23.8%

The firm has a market cap of $2.54 billion, a PE ratio of 81.24 and a beta of 1.29. The stock’s 50 day moving average price is $11.39 and its 200 day moving average price is $9.35.

FIGS Company Profile

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.