FIGS - Figs Inc Forecast (2024)

FAQs

FIGS - Figs Inc Forecast? ›

Average Price Target

FIGS, Inc.

may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of FIGS, demonstrate its potential to outperform the market. It currently has a Growth Score of A.

What are analysts forecasts for FIGS stock? The 42 analysts offering price forecasts for FIGS have a median target of 10.15, with a high estimate of 22.00 and a low estimate of 4.50. The median estimate represents a 47.41 difference from the last price of 4.81.

FIGS' earnings over the next few years are expected to double, indicating a very optimistic future ahead.

FIGS faces challenges such as falling sales growth, margin pressure, and competition, leading to doubts about its valuation and future prospects.

Net income and net income, as adjusted⁽¹⁾ were $10.0 million (or $0.05 in diluted earnings per share), an increase of $6.6 million year over year as compared to net income in the same period last year, and an increase of $1.8 million as compared to net income, as adjusted ⁽¹⁾ in the same period last year.

FIGS, Inc. (US:FIGS) has 423 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 172,786,333 shares. Largest shareholders include Bamco Inc /ny/, Vanguard Group Inc, BlackRock Inc., T.

In 2017, Thomas Tull, businessman and founder of Legendary Pictures, invested $65 million in the company and became majority owner of FIGS. Others who have invested include Will Smith, Irving Place Capital, former Lululemon CEO Christine Day, and Mohr Davidow Ventures.

Does FIGS pay dividends? At this time, the Company does not pay a dividend.

Why is figs so successful? ›

FIGS set out to solve a specific problem: Its mission was to create comfortable, stylish scrubs for a sector that had long-awaiting innovation. With feedback from both manufacturers and consumers, FIGS successfully crafted a product that responded to the customers' needs.

Customer additions power sales growth for Figs

Third-quarter revenue was up roughly 10.7% compared to performance in Q3 last year. While the company's average net revenue per active revenue declined 6.6% year over year to $212, its total active customer count increased 19.6% to reach 2.6 million.

Figs are rich in anti-inflammatory antioxidants and provide fiber and smaller amounts of a variety of minerals. They may also support digestive, gut, and menstrual health, improve inflammatory conditions, aid weight management, and offer cancer protection.

According to the issued ratings of 7 analysts in the last year, the consensus rating for FIGS stock is Reduce based on the current 2 sell ratings, 4 hold ratings and 1 buy rating for FIGS. The average twelve-month price prediction for FIGS is $5.87 with a high price target of $9.00 and a low price target of $4.50.

A total of 26.39 shares were offered in the IPO, with 4.64 million shares offered by the company (down from an expected 5.88 million shares) as it raised $1.02 billion, and with 21.75 million shares offered by its largest shareholder...

Although old-guard favorites such as American Express (AXP) and Coca-Cola (KO) still form the core of the portfolio, Buffett & Co. have taken a shine to names such as Apple (AAPL) and Amazon.com (AMZN), and even to lesser-known firms such as Snowflake (SNOW) and Nu Holdings (NU).

Figs shows many of the signs of a good, long-term investment. It is a growing brand with a passionate following. Its differentiated product, high net promoter score, and DTC model enable it to generate solid gross margins and revenue growth.