Equities Analysts Offer Predictions for FIGS FY2024 Earnings

FIGS, Inc. (NYSE:FIGS) – Research analysts at Roth Capital dropped their FY2024 earnings per share (EPS) estimates for FIGS in a research report issued on Thursday, November 7th. Roth Capital analyst M. Koranda now expects that the company will post earnings per share of $0.02 for the year, down from their prior forecast of $0.05. The consensus estimate for FIGS’s current full-year earnings is $0.01 per share. Roth Capital also issued estimates for FIGS’s Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.03 EPS and FY2025 earnings at $0.09 EPS.

FIGS has been the topic of a number of other reports. The Goldman Sachs Group upped their target price on shares of FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research note on Friday, August 9th. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of FIGS in a report on Monday, November 4th. Finally, Barclays lowered their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.40.

FIGS Trading Down 0.9 %

NYSE FIGS opened at $4.71 on Monday. The stock has a market cap of $803.90 million, a PE ratio of 78.42, a PEG ratio of 63.73 and a beta of 1.44. FIGS has a 12 month low of $4.30 and a 12 month high of $7.98. The company’s 50-day moving average price is $6.14 and its 200-day moving average price is $5.73.

Hedge Funds Weigh In On FIGS

A number of large investors have recently bought and sold shares of FIGS. ProShare Advisors LLC boosted its position in FIGS by 26.6% during the 1st quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock valued at $3,817,000 after acquiring an additional 161,249 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in FIGS during the second quarter valued at about $3,856,000. Vanguard Group Inc. boosted its position in FIGS by 1.7% during the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after purchasing an additional 206,673 shares in the last quarter. Resolute Capital Asset Partners LLC purchased a new position in FIGS in the second quarter valued at about $799,000. Finally, American Century Companies Inc. bought a new position in FIGS in the second quarter worth about $554,000. Institutional investors own 92.21% of the company’s stock.

About FIGS

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.