FIGS (NYSE:FIGS) Stock Rating Upgraded by The Goldman Sachs Group

FIGS (NYSE:FIGS) was upgraded by equities research analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

FIGS has been the subject of a number of other research reports. Telsey Advisory Group boosted their price target on shares of FIGS from $9.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday. Wolfe Research upgraded FIGS to a “buy” rating in a research note on Wednesday, December 10th. Barclays upgraded FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday. BTIG Research reiterated a “buy” rating and issued a $15.00 target price on shares of FIGS in a research note on Friday. Finally, Wall Street Zen upgraded FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two 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. Based on data from MarketBeat.com, FIGS has a consensus rating of “Moderate Buy” and an average target price of $12.25.

FIGS Price Performance

NYSE:FIGS opened at $15.44 on Friday. FIGS has a one year low of $3.57 and a one year high of $15.90. The company has a market cap of $2.54 billion, a PE ratio of 81.24 and a beta of 1.29. The firm’s 50 day simple moving average is $11.39 and its 200 day simple moving average is $9.35.

FIGS (NYSE:FIGS) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. FIGS had a return on equity of 8.62% and a net margin of 5.43%.The company had revenue of $201.90 million during the quarter, compared to the consensus estimate of $165.33 million. During the same period last year, the company earned $0.01 earnings per share. The firm’s revenue was up 33.0% compared to the same quarter last year. Equities research analysts expect that FIGS will post 0.01 EPS for the current year.

Insiders Place Their Bets

In other FIGS news, 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 transaction of $565,972.92. Following the completion of the transaction, the chief executive officer owned 1,857,299 shares of the company’s stock, valued at approximately $21,136,062.62. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction of $239,606.40. Following the transaction, the chief financial officer owned 821,500 shares of the company’s stock, valued at $8,675,040. The trade was a 2.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 105,813 shares of company stock worth $1,168,051. Company insiders own 29.44% of the company’s stock.

Hedge Funds Weigh In On FIGS

Hedge funds have recently bought and sold shares of the business. Assetmark Inc. purchased a new position in shares of FIGS during the third quarter valued at approximately $35,000. Elevated Capital Advisors LLC bought a new position in FIGS in the 4th quarter worth $45,000. Quarry LP lifted its position in shares of FIGS by 1,876.3% during the 3rd quarter. Quarry LP now owns 7,846 shares of the company’s stock valued at $52,000 after buying an additional 7,449 shares in the last quarter. Capstone Financial Advisors Inc. purchased a new position in FIGS during the second quarter valued at approximately $56,000. Finally, Hudson Bay Capital Management LP purchased a new position in shares of FIGS during the 2nd quarter valued at $61,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

More FIGS News

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

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.