Reformation (NYSE:REF) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. began coverage on shares of Reformation (NYSE:REF) in a note issued to investors on Monday. The firm set an “overweight” rating and a $21.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 44.83% from the stock’s previous close.

Several other research firms have also commented on REF. Guggenheim started coverage on shares of Reformation in a research report on Monday. They issued a “buy” rating and a $20.00 price objective on the stock. Royal Bank Of Canada began coverage on shares of Reformation in a research note on Monday. They set an “outperform” rating and a $18.00 price objective for the company. Citigroup started coverage on Reformation in a research report on Monday. They set a “buy” rating and a $20.00 price objective for the company. Robert W. Baird began coverage on Reformation in a research note on Monday. They issued an “outperform” rating and a $19.00 target price on the stock. Finally, Telsey Advisory Group began coverage on Reformation in a report on Monday. They set an “outperform” rating and a $20.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Reformation currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.

Reformation Stock Performance

Shares of REF stock opened at $14.50 on Monday. Reformation has a 1 year low of $14.29 and a 1 year high of $17.26.

Insider Activity at Reformation

In other Reformation news, Director Yael Aflalo sold 1,204,029 shares of Reformation stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $13.95, for a total value of $16,796,204.55. Following the completion of the sale, the director directly owned 11,725,803 shares of the company’s stock, valued at approximately $163,574,951.85. The trade was a 9.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Scsp Refo sold 2,987,199 shares of Reformation stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.95, for a total value of $41,671,426.05. Following the completion of the sale, the insider directly owned 29,091,749 shares of the company’s stock, valued at approximately $405,829,898.55. This represents a 9.31% decrease in their position. The disclosure for this sale is available in the SEC filing.

About Reformation

Reformation Inc provide sustainable womenswear brand. Reformation Inc is based in LOS ANGELES.