Traders Purchase Large Volume of Call Options on FIGS (NYSE:FIGS)

FIGS, Inc. (NYSE:FIGS) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 2,026 call options on the company. This represents an increase of approximately 100% compared to the average volume of 1,014 call options.

Trending Headlines about FIGS

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Analysis points to expanding customer metrics as a potential foundation for sustainable profitability. Continued customer acquisition, engagement and retention could support revenue growth and improve operating leverage. FIGS Investment Analysis: Will the Expansion of Customer Metrics Translate into Sustainable Profitability?
• Positive Sentiment: A bullish Seeking Alpha analysis argues that FIGS could be re-rated further even after its roughly 150% share-price advance, suggesting investors may increasingly value the company’s growth and profitability prospects. FIGS Inc.: Even After 150% Share Price Growth, The Stock Can Further Re-Rate
• Positive Sentiment: FIGS’ product innovation—including new scrub designs, improved fits and broader apparel offerings—is being credited with strengthening customer loyalty and engagement, supporting the growth narrative. FIGS’ Product Innovation Strengthens Customer Loyalty & Engagement
• Positive Sentiment: Momentum-focused coverage notes that FIGS has gained 16.72% over the past week, increasing its appeal to technical and momentum investors. FIGS Is Up 16.72% in One Week: What You Should Know
• Positive Sentiment: Unusual options activity showed investors purchasing 2,026 FIGS call contracts, double the average volume, signaling increased speculative bullish interest.
• Neutral Sentiment: FIGS reached a new 52-week high, prompting coverage of whether the rally can continue. The milestone confirms strong momentum but also raises the bar for future results. FIGS Hit a 52 Week High, Can the Run Continue?
• Negative Sentiment: After the sharp advance, valuation and execution risks are more important: FIGS must convert customer and product momentum into durable revenue growth and profitability to justify further gains. FIGS Hits New 52-Week High – Time to Buy?

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIGS. Barclays upped their price objective on shares of FIGS from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings raised FIGS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Roth Capital reiterated a “buy” rating on shares of FIGS in a research note on Friday, August 7th. Wall Street Zen upgraded FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $16.00 price target on shares of FIGS in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, FIGS currently has a consensus rating of “Moderate Buy” and an average price target of $18.71.

Institutional Investors Weigh In On FIGS

A number of institutional investors have recently modified their holdings of FIGS. Integrated Wealth Concepts LLC bought a new position in shares of FIGS during the second quarter worth about $41,000. IFP Advisors Inc grew its stake in FIGS by 120.2% in the second quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock worth $45,000 after purchasing an additional 2,396 shares in the last quarter. OP Asset Management Ltd bought a new stake in FIGS in the first quarter valued at about $115,000. R Squared Ltd increased its holdings in FIGS by 42.0% in the first quarter. R Squared Ltd now owns 15,009 shares of the company’s stock valued at $222,000 after buying an additional 4,436 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in FIGS in the first quarter valued at about $239,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

FIGS Trading Up 2.9%

Shares of NYSE:FIGS opened at $18.51 on Thursday. The company has a fifty day simple moving average of $14.30 and a 200 day simple moving average of $13.02. The firm has a market cap of $3.08 billion, a PE ratio of 56.10 and a beta of 1.06. FIGS has a 12-month low of $7.21 and a 12-month high of $19.18.

FIGS (NYSE:FIGS) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. FIGS had a net margin of 8.72% and a return on equity of 12.53%. The firm had revenue of $196.62 million for the quarter, compared to analysts’ expectations of $186.17 million. During the same period in the prior year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. As a group, equities research analysts forecast that FIGS will post 0.32 EPS for the current fiscal year.

FIGS Company Profile

FIGS, Inc (NYSE: FIGS) is a healthcare apparel and lifestyle company that designs and sells clothing, footwear, accessories and other products for healthcare professionals. Its product portfolio includes medical scrubs, lab coats, jackets, underscrubs, shoes, bags and related essentials designed for use in clinical and professional settings.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS built its business around modern, performance-oriented alternatives to traditional medical uniforms.