FIGS (NYSE:FIGS) Upgraded by KeyCorp to Overweight Rating

KeyCorp upgraded shares of FIGS (NYSE:FIGS) from a sector weight rating to an overweight rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. They currently have $17.00 price objective on the stock. KeyCorp also issued estimates for FIGS’s Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.07 EPS and Q3 2026 earnings at $0.07 EPS.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley increased their target price 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. Barclays increased their price objective on FIGS from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of FIGS in a report on Monday, December 29th. The Goldman Sachs Group increased their price target on FIGS from $5.50 to $7.50 and gave the stock a “sell” rating in a report on Friday, January 30th. Finally, Zacks Research upgraded shares of FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, FIGS currently has an average rating of “Moderate Buy” and an average price target of $12.25.

FIGS Stock Performance

NYSE FIGS traded up $2.97 on Friday, reaching $15.44. The stock had a trading volume of 26,065,822 shares, compared to its average volume of 3,206,535. The stock has a market cap of $2.54 billion, a P/E ratio of 81.24 and a beta of 1.29. FIGS has a 12-month low of $3.57 and a 12-month high of $15.90. The business’s 50-day moving average price is $11.39 and its 200 day moving average price is $9.35.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, February 26th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $201.90 million for 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 company’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 EPS. On average, sell-side analysts predict that FIGS will post 0.01 earnings per share for the current year.

Insider Activity at FIGS

In other news, insider Heather L. Hasson sold 22,874 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 transaction of $241,549.44. Following the completion of the sale, the insider directly owned 1,251,967 shares in the company, valued at approximately $13,220,771.52. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sarah Oughtred sold 22,690 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total value of $239,606.40. Following the sale, the chief financial officer directly owned 821,500 shares in the company, valued at $8,675,040. This trade represents a 2.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 105,813 shares of company stock worth $1,168,051 over the last 90 days. Company insiders own 29.44% of the company’s stock.

Institutional Trading of FIGS

Institutional investors have recently bought and sold shares of the company. FourThought Financial Partners LLC raised its stake in shares of FIGS by 3.6% during the 4th quarter. FourThought Financial Partners LLC now owns 32,851 shares of the company’s stock worth $373,000 after buying an additional 1,138 shares during the last quarter. GSA Capital Partners LLP increased its holdings in FIGS by 4.2% during the 3rd quarter. GSA Capital Partners LLP now owns 52,045 shares of the company’s stock valued at $348,000 after acquiring an additional 2,083 shares in the last quarter. Corient Private Wealth LLC raised its position in FIGS by 0.8% during the second quarter. Corient Private Wealth LLC now owns 332,938 shares of the company’s stock worth $1,878,000 after acquiring an additional 2,612 shares during the last quarter. Creative Planning lifted its holdings in shares of FIGS by 4.9% in the third quarter. Creative Planning now owns 68,932 shares of the company’s stock valued at $461,000 after purchasing an additional 3,192 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of FIGS by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock valued at $354,000 after purchasing an additional 3,276 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

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

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.