FIGS (NYSE:FIGS) Receives Market Perform Rating from Telsey Advisory Group

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research note issued on Monday, Benzinga reports. They currently have a $7.00 target price on the stock. Telsey Advisory Group’s target price suggests a potential upside of 10.58% from the company’s current price.

Separately, The Goldman Sachs Group increased their price objective on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research report on Friday, August 9th. Two 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.60.

FIGS Trading Up 1.9 %

FIGS stock opened at $6.33 on Monday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 63.30, a PEG ratio of 83.33 and a beta of 1.44. FIGS has a 12 month low of $4.30 and a 12 month high of $7.98. The stock has a fifty day simple moving average of $6.16 and a two-hundred day simple moving average of $5.70.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter. The company had revenue of $144.23 million during the quarter, compared to the consensus estimate of $142.25 million. FIGS had a return on equity of 4.94% and a net margin of 3.39%. FIGS’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. On average, equities research analysts forecast that FIGS will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On FIGS

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in FIGS by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,390,645 shares of the company’s stock valued at $86,115,000 after buying an additional 112,575 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in FIGS by 23.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock worth $85,000 after purchasing an additional 3,247 shares during the period. ProShare Advisors LLC lifted its position in FIGS by 26.6% during the first 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 in the last quarter. Quadrature Capital Ltd bought a new stake in FIGS during the first quarter valued at about $129,000. Finally, Price T Rowe Associates Inc. MD increased its position in FIGS by 6.8% in 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 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.