FIGS FY2024 EPS Estimate Lowered by Telsey Advisory Group

FIGS, Inc. (NYSE:FIGS) – Research analysts at Telsey Advisory Group lowered their FY2024 earnings estimates for shares of FIGS in a research report issued to clients and investors on Friday, November 8th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $0.01 per share for the year, down from their previous forecast of $0.03. Telsey Advisory Group currently has a “Market Perform” rating and a $7.00 target price on the stock. The consensus estimate for FIGS’s current full-year earnings is $0.01 per share. Telsey Advisory Group also issued estimates for FIGS’s Q4 2024 earnings at $0.01 EPS and FY2025 earnings at $0.06 EPS.

Separately, The Goldman Sachs Group boosted their price target on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.60.

FIGS Trading Down 0.6 %

Shares of NYSE:FIGS opened at $4.75 on Monday. The stock has a market capitalization of $811.59 million, a PE ratio of 79.17, a P/E/G ratio of 63.73 and a beta of 1.44. FIGS has a 1 year low of $4.30 and a 1 year high of $7.98. The firm has a fifty day moving average price of $6.14 and a 200 day moving average price of $5.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in FIGS by 23.6% during the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after acquiring an additional 3,247 shares during the period. ProShare Advisors LLC boosted its stake 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 purchasing an additional 161,249 shares during the period. Vanguard Group Inc. grew its holdings in FIGS by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after buying an additional 206,673 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of FIGS during the first quarter worth approximately $129,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of FIGS by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock worth $316,000 after buying an additional 4,038 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.