FIGS (NYSE:FIGS) Shares Down 5.9% – Here’s Why

02 Jul 2026, 15:42 by Renee Jackson · The Cerbat Gem

Shares of FIGS, Inc. (NYSE:FIGS – Get Free Report) were down 5.9% during mid-day trading on Tuesday . The stock traded as low as $10.46 and last traded at $10.4250. 1,405,870 shares traded hands during trading, a decline of 58% from the average daily volume of 3,336,698 shares. The stock had previously closed at $11.08.

Wall Street Analysts Forecast Growth

FIGS has been the subject of a number of research analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of FIGS in a research note on Tuesday, June 23rd. Morgan Stanley upped their price objective on FIGS from $8.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, April 13th. Telsey Advisory Group increased their price objective on FIGS to $17.00 and gave the stock a “market perform” rating in a report on Thursday, March 12th. Zacks Research lowered FIGS from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Weiss Ratings downgraded FIGS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.93.

Check Out Our Latest Stock Analysis on FIGS

FIGS Stock Performance

The company has a fifty day moving average price of $12.57 and a two-hundred day moving average price of $12.78. The company has a market cap of $1.68 billion, a P/E ratio of 45.66 and a beta of 1.01.

FIGS (NYSE:FIGS – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $153.15 million. FIGS had a return on equity of 9.69% and a net margin of 6.10%.The company’s revenue was up 28.0% compared to the same quarter last year. Research analysts anticipate that FIGS, Inc. will post 0.26 EPS for the current year.

Insider Activity at FIGS

In other FIGS news, Chairman Heather L. Hasson sold 32,385 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $464,077.05. Following the sale, the chairman directly owned 1,433,807 shares of the company’s stock, valued at approximately $20,546,454.31. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sarah Oughtred sold 23,597 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $14.33, for a total transaction of $338,145.01. Following the completion of the sale, the chief financial officer owned 1,129,791 shares of the company’s stock, valued at approximately $16,189,905.03. This represents a 2.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 27.06% of the company’s stock.

Institutional Investors Weigh In On FIGS

Several hedge funds have recently bought and sold shares of FIGS. Elevated Capital Advisors LLC bought a new stake in FIGS in the fourth quarter valued at approximately $45,000. Kemnay Advisory Services Inc. acquired a new position in shares of FIGS during the 4th quarter worth approximately $69,000. OP Asset Management Ltd bought a new stake in FIGS in the 1st quarter valued at $115,000. Quarry LP increased its holdings in shares of FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock valued at $52,000 after purchasing an additional 7,449 shares during the last quarter. Finally, May Hill Capital LLC bought a new position in shares of FIGS in the fourth quarter valued at about $117,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

About FIGS

(Get Free Report)

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.