FIGS (NYSE:FIGS) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of FIGS (NYSE:FIGS) in a report published on Monday, Benzinga reports. Telsey Advisory Group currently has a $6.00 price objective on the stock.

A number of other equities research analysts have also commented on FIGS. The Goldman Sachs Group dropped their price target on FIGS from $4.85 to $4.25 and set a sell rating on the stock in a research report on Tuesday, April 23rd. Roth Mkm dropped their target price on shares of FIGS from $7.50 to $6.75 and set a buy rating on the stock in a report on Friday, May 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $5.30.

FIGS Stock Performance

Shares of NYSE:FIGS opened at $5.72 on Monday. The company has a 50 day moving average price of $5.58 and a two-hundred day moving average price of $5.47. The company has a market capitalization of $973.70 million, a PE ratio of 52.00, a PEG ratio of 86.00 and a beta of 1.42. FIGS has a 52 week low of $4.30 and a 52 week high of $7.98.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The business had revenue of $119.29 million during the quarter, compared to analysts’ expectations of $117.38 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that FIGS will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On FIGS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of FIGS by 321.5% during the 4th quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock worth $21,377,000 after acquiring an additional 2,345,994 shares in the last quarter. Eagle Asset Management Inc. bought a new position in FIGS in the fourth quarter valued at $12,152,000. Rice Hall James & Associates LLC bought a new stake in FIGS during the 2nd quarter worth about $3,856,000. Bamco Inc. NY boosted its stake in shares of FIGS by 2.0% during the 1st quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock worth $128,145,000 after buying an additional 516,496 shares during the last quarter. Finally, Applied Fundamental Research LLC grew its holdings in shares of FIGS by 25.8% in the 1st quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock valued at $13,786,000 after acquiring an additional 511,794 shares in the last quarter. Institutional investors and hedge funds 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.