FIGS (NYSE:FIGS) Trading Up 7.1% - What's Next?

Key Points

• Shares jumped 7.1% to $17.27 on Friday (intraday high $17.25) on lighter volume—about 1.75 million shares, down ~45% from the average daily volume.
• Quarterly beat: FIGS reported $0.10 EPS vs. $0.02 expected and $201.9M revenue vs. $165.33M expected, with revenue up 33% year‑over‑year; analysts' consensus is a Moderate Buy with an average price target of $15.64.
• Insider activity: Insiders sold 675,098 shares over the last 90 days (including CEO Catherine Spear and co‑founder Heather Hasson); the article reports insiders own ~29.44% of the stock while institutional investors own ~92.21%.

Shares of FIGS, Inc. (NYSE:FIGS - Get Free Report) were up 7.1% during trading on Friday . The company traded as high as $17.25 and last traded at $17.2710. Approximately 1,750,949 shares traded hands during trading, a decline of 45% from the average daily volume of 3,206,213 shares. The stock had previously closed at $16.12.

Analysts Set New Price Targets

A number of equities analysts have commented on FIGS shares. Wall Street Zen raised shares of FIGS from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 28th. BTIG Research reaffirmed a "buy" rating and set a $20.00 price objective on shares of FIGS in a research report on Friday. Morgan Stanley lifted their price objective on shares of FIGS from $8.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, April 13th. Weiss Ratings reissued a "hold (c)" rating on shares of FIGS in a research report on Friday, April 10th. Finally, KeyCorp raised shares of FIGS from a "sector weight" rating to an "overweight" rating and set a $17.00 target price for the company in a research report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $15.64.

FIGS Price Performance

The stock's 50-day moving average price is $14.36 and its 200-day moving average price is $11.59. The company has a market cap of $2.74 billion, a P/E ratio of 86.54 and a beta of 1.20.

FIGS (NYSE:FIGS - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.08. The company had revenue of $201.90 million during the quarter, compared to analysts' expectations of $165.33 million. FIGS had a net margin of 5.43% and a return on equity of 8.41%. FIGS's quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. As a group, analysts expect that FIGS, Inc. will post 0.24 EPS for the current fiscal year.

Insider Activity

In related news, CEO Catherine Eva Spear sold 62,335 shares of the business's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $14.44, for a total value of $900,117.40. Following the completion of the transaction, the chief executive officer owned 1,794,964 shares of the company's stock, valued at $25,919,280.16. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Heather L. Hasson sold 556,327 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $16.85, for a total value of $9,374,109.95. Following the completion of the transaction, the insider directly owned 1,251,967 shares of the company's stock, valued at approximately $21,095,643.95. This trade represents a 30.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 675,098 shares of company stock valued at $10,912,375. 29.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elevated Capital Advisors LLC acquired a new position in FIGS in the fourth quarter valued at about $45,000. Assetmark Inc. acquired a new position in FIGS in the third quarter valued at about $35,000. Kemnay Advisory Services Inc. acquired a new position in FIGS in the fourth quarter valued at about $69,000. OP Asset Management Ltd acquired a new position in FIGS in the first quarter valued at about $115,000. Finally, Quarry LP raised its stake in FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company's stock valued at $52,000 after purchasing an additional 7,449 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.

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