FIGS, Inc. (NYSE:FIGS) Receives $5.40 Average Price Target from Brokerages

Shares of FIGS, Inc. (NYSE:FIGS) have been given an average rating of “Reduce” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities 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. The average 1-year price target among brokers that have covered the stock in the last year is $5.40.

FIGS has been the topic of several research reports. The Goldman Sachs Group upped their price objective on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday, August 9th. Barclays reduced their price objective on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 target price on shares of FIGS in a research note on Wednesday, November 13th.

Institutional Investors Weigh In On FIGS

Large investors have recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC bought a new position in shares of FIGS during the second quarter worth about $3,856,000. Vanguard Group Inc. increased its stake in shares of FIGS by 1.7% in the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after purchasing an additional 206,673 shares during the period. Resolute Capital Asset Partners LLC acquired a new stake in shares of FIGS in the second quarter valued at approximately $799,000. Applied Fundamental Research LLC raised its holdings in shares of FIGS by 6.1% during the third quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock valued at $18,114,000 after buying an additional 152,900 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of FIGS during the second quarter worth approximately $554,000. 92.21% of the stock is owned by institutional investors and hedge funds.

FIGS Price Performance

Shares of FIGS stock opened at $5.14 on Friday. The firm has a market cap of $872.82 million, a P/E ratio of 85.67, a P/E/G ratio of 239.04 and a beta of 1.44. The firm has a fifty day moving average of $5.98 and a two-hundred day moving average of $5.71. FIGS has a 1-year low of $4.30 and a 1-year high of $7.98.

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.