Jim Cramer’s Latest Lightning Rounds: 15 Stocks to Watch

12. FIGS, Inc. (NYSE:FIGS)

Number of Hedge Fund Holders: 17

Cramer said, “I think Figs is not expensive and a very good spec. That’s all I can say about it though.”

FIGS, Inc. (NYSE:FIGS) runs as a direct-to-consumer healthcare apparel and lifestyle company, serving markets in the United States and internationally. The company specializes in designing and selling a diverse range of products, including scrub wear, outerwear, under scrubs, footwear, and various accessories such as scrub caps and tote bags.

It primarily serves healthcare professionals and utilizes a digital platform that includes both a website and a mobile app, while also engaging in business-to-business sales and maintaining retail store presence.

In its recent performance report for the second quarter, FIGS (NYSE:FIGS) announced a revenue increase of 4.4%, reaching $144.2 million, which was in line with the market estimates. CEO Trina Spear highlighted the positive results, emphasizing that the company’s investments are yielding benefits.

Additionally, FIGS (NYSE:FIGS) revealed a $50 million share repurchase authorization, signaling confidence in its future prospects. For 2024, the company anticipates flat to 2% revenue growth, along with adjusted EBITDA margins projected between 9.5% and 10%.