FY2024 EPS Estimates for FIGS Cut by Telsey Advisory Group

FIGS, Inc. (NYSE:FIGS) – Investment analysts at Telsey Advisory Group lowered their FY2024 EPS estimates for shares of FIGS in a research note issued on Friday, November 8th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will post earnings per share of $0.01 for the year, down from their previous forecast of $0.03. Telsey Advisory Group has a “Market Perform” rating and a $7.00 price objective on the stock. The consensus estimate for FIGS’s current full-year earnings is $0.03 per share. Telsey Advisory Group also issued estimates for FIGS’s Q4 2024 earnings at $0.01 EPS and FY2025 earnings at $0.06 EPS.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The firm had revenue of $144.23 million during the quarter, compared to analyst estimates of $142.25 million. During the same period in the previous year, the company earned $0.02 earnings per share. FIGS’s quarterly revenue was up 4.4% on a year-over-year basis.

Separately, The Goldman Sachs Group raised their price objective on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, FIGS currently has an average rating of “Hold” and a consensus price target of $5.60.

FIGS Trading Down 28.3 %

Shares of FIGS opened at $4.78 on Monday. FIGS has a 52 week low of $4.30 and a 52 week high of $7.98. The firm has a market cap of $816.71 million, a price-to-earnings ratio of 47.80, a PEG ratio of 85.47 and a beta of 1.44. The stock has a 50 day moving average of $6.17 and a 200-day moving average of $5.73.

Institutional Trading of FIGS

Hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC lifted its stake in FIGS by 318.1% in the second quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock valued at $8,081,000 after buying an additional 1,153,481 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in FIGS in the 2nd quarter worth about $3,856,000. Bamco Inc. NY increased its stake in shares of FIGS by 2.0% in the first quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock valued at $128,145,000 after purchasing an additional 516,496 shares during the period. Millennium Management LLC raised its holdings in shares of FIGS by 296.4% during the second quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock valued at $3,323,000 after buying an additional 466,252 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of FIGS by 175.4% during the second quarter. Algert Global LLC now owns 638,306 shares of the company’s stock worth $3,402,000 after buying an additional 406,556 shares during the period. 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.