Analysts Set FIGS, Inc. (NYSE:FIGS) Price Target at $5.30

Shares of FIGS, Inc. (NYSE:FIGS) have received a consensus rating of “Reduce” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $5.30.

FIGS has been the subject of several analyst reports. Roth Mkm dropped their target price on FIGS from $7.50 to $6.75 and set a “buy” rating for the company in a report on Friday, May 10th. Oppenheimer downgraded FIGS from an “outperform” rating to a “market perform” rating in a report on Friday, March 8th. Barclays decreased their target price on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price objective on shares of FIGS in a research report on Thursday, June 13th. Finally, The Goldman Sachs Group cut their price target on FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a research note on Tuesday, April 23rd.

FIGS Stock Up 8.6 %

FIGS opened at $5.24 on Tuesday. The business’s fifty day simple moving average is $5.17 and its 200 day simple moving average is $5.64. FIGS has a 52 week low of $4.30 and a 52 week high of $8.37. The stock has a market cap of $891.15 million, a PE ratio of 47.60, a P/E/G ratio of 59.20 and a beta of 1.42.

FIGS (NYSE:FIGS) last issued its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. FIGS had a return on equity of 6.12% and a net margin of 4.07%. The business had revenue of $119.29 million during the quarter, compared to analyst estimates of $117.38 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. FIGS’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts anticipate that FIGS will post 0.03 earnings per share for the current year.

Insider Activity at FIGS

In related news, insider Heather L. Hasson sold 28,614 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $4.89, for a total value of $139,922.46. Following the completion of the transaction, the insider now owns 468,870 shares of the company’s stock, valued at approximately $2,292,774.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 31,644 shares of company stock valued at $155,648 over the last 90 days. 22.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FIGS

Several institutional investors have recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC increased its stake in FIGS by 22.4% in the first quarter. Grandeur Peak Global Advisors LLC now owns 73,388 shares of the company’s stock worth $365,000 after purchasing an additional 13,432 shares during the period. Bamco Inc. NY increased its stake in FIGS by 2.0% in the 1st quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock worth $128,145,000 after buying an additional 516,496 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in FIGS by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock valued at $316,000 after buying an additional 4,038 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in FIGS in the 1st quarter valued at about $129,000. Finally, Vanguard Group Inc. grew its stake in FIGS by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock worth $62,735,000 after acquiring an additional 206,673 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

FIGS Company Profile

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.