FIGS, Inc. (NYSE:FIGS) Stock Has Average Price Target of $18.71 According to Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.71.

FIGS has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Roth Capital reiterated a “buy” rating on shares of FIGS in a research note on Friday, August 7th. Weiss Ratings upgraded shares of FIGS from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Telsey Advisory Group reduced their price target on shares of FIGS from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Friday, August 7th. Finally, BTIG Research boosted their price objective on shares of FIGS from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, August 7th.

Institutional Trading of FIGS

A number of institutional investors and hedge funds have recently modified their holdings of FIGS. Tidal Investments LLC raised its stake in shares of FIGS by 69.6% in the second quarter. Tidal Investments LLC now owns 27,467 shares of the company’s stock worth $281,000 after purchasing an additional 11,270 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of FIGS during the second quarter valued at $41,000. IFP Advisors Inc boosted its position in shares of FIGS by 120.2% during the second quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock valued at $45,000 after buying an additional 2,396 shares during the last quarter. Navellier & Associates Inc. increased its holdings in FIGS by 118.8% in the 2nd quarter. Navellier & Associates Inc. now owns 44,128 shares of the company’s stock worth $451,000 after buying an additional 23,957 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in FIGS in the 2nd quarter worth about $12,304,000. Institutional investors own 92.21% of the company’s stock.

FIGS Trading Up 5.0%

NYSE FIGS opened at $15.74 on Thursday. FIGS has a 12 month low of $6.77 and a 12 month high of $17.48. The stock has a market cap of $2.61 billion, a P/E ratio of 47.68 and a beta of 1.06. The stock’s fifty day moving average price is $13.87 and its 200-day moving average price is $12.98.

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

About FIGS

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.