FIGS, Inc. (NYSE:FIGS) Expected to Post FY2023 Earnings of $0.09 Per Share

FIGS, Inc. (NYSE:FIGSGet Rating) – Investment analysts at Oppenheimer dropped their FY2023 earnings estimates for FIGS in a report released on Thursday, November 17th. Oppenheimer analyst B. Nagel now forecasts that the company will post earnings of $0.09 per share for the year, down from their prior forecast of $0.17. Oppenheimer currently has a “Outperform” rating and a $12.00 target price on the stock. The consensus estimate for FIGS’s current full-year earnings is $0.11 per share.

FIGS has been the topic of a number of other reports. Raymond James reaffirmed an “outperform” rating and set a $8.00 price target (down from $12.00) on shares of FIGS in a research report on Friday, November 11th. Credit Suisse Group reduced their price target on shares of FIGS to $12.00 in a research report on Wednesday, November 16th. Guggenheim reduced their price target on shares of FIGS to $12.00 in a research report on Wednesday, November 16th. Cowen reduced their price target on shares of FIGS to $6.00 in a research report on Wednesday, November 16th. Finally, The Goldman Sachs Group reduced their price target on shares of FIGS from $7.50 to $5.50 and set a “sell” rating on the stock in a research report on Monday, November 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, FIGS currently has an average rating of “Hold” and a consensus price target of $13.43.

FIGS Stock Performance

FIGS opened at $5.94 on Monday. The company’s 50 day simple moving average is $8.02 and its 200 day simple moving average is $9.44. FIGS has a 1 year low of $5.55 and a 1 year high of $34.55. The stock has a market capitalization of $985.82 million, a PE ratio of 37.13, a P/E/G ratio of 25.89 and a beta of 1.35.

Institutional Trading of FIGS

A number of hedge funds and other institutional investors have recently made changes to their positions in FIGS. SG Americas Securities LLC increased its stake in shares of FIGS by 219.6% in the first quarter. SG Americas Securities LLC now owns 24,460 shares of the company’s stock worth $526,000 after buying an additional 16,806 shares during the last quarter. Arizona State Retirement System increased its stake in FIGS by 152.0% during the first quarter. Arizona State Retirement System now owns 20,498 shares of the company’s stock valued at $441,000 after purchasing an additional 12,364 shares during the last quarter. Shell Asset Management Co. increased its stake in FIGS by 187.4% during the first quarter. Shell Asset Management Co. now owns 16,637 shares of the company’s stock valued at $358,000 after purchasing an additional 10,848 shares during the last quarter. New York State Common Retirement Fund increased its stake in FIGS by 10.6% during the first quarter. New York State Common Retirement Fund now owns 124,069 shares of the company’s stock valued at $2,670,000 after purchasing an additional 11,859 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in FIGS during the first quarter valued at $392,000. Institutional investors own 69.55% of the company’s stock.

FIGS Company Profile

(Get Rating)

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets.

Featured Stories

Earnings History and Estimates for FIGS (NYSE:FIGS)

Receive News & Ratings for FIGS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FIGS and related companies with MarketBeat.com's FREE daily email newsletter.