Reformation (NYSE:REF) Stock Rating Upgraded by Robert W. Baird

Reformation (NYSE:REF) was upgraded by research analysts at Robert W. Baird to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on REF. Morgan Stanley initiated coverage on shares of Reformation in a research note on Monday. They issued an “equal weight” rating and a $16.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Reformation in a report on Monday. They set an “overweight” rating and a $21.00 price objective on the stock. BTIG Research initiated coverage on shares of Reformation in a research report on Monday. They issued a “buy” rating and a $20.00 target price on the stock. Citigroup assumed coverage on shares of Reformation in a research note on Monday. They set a “buy” rating and a $20.00 target price for the company. Finally, Royal Bank Of Canada initiated coverage on shares of Reformation in a research report on Monday. They set an “outperform” rating and a $18.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Reformation currently has a consensus rating of “Buy” and an average price target of $19.25.

Reformation Price Performance

Shares of REF stock opened at $14.43 on Monday. Reformation has a 12-month low of $14.20 and a 12-month high of $17.26.

Insider Buying and Selling

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

Reformation Company Profile

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