Reformation Inc. (NYSE:REF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Reformation Inc. (NYSE:REF) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.25.

A number of analysts have recently commented on REF shares. Royal Bank Of Canada assumed coverage on shares of Reformation in a research note on Monday. They set an “outperform” rating and a $18.00 target price for the company. Citigroup assumed coverage on Reformation in a report on Monday. They issued a “buy” rating and a $20.00 price objective on the stock. Wall Street Zen upgraded Reformation to a “hold” rating in a research note on Saturday, August 8th. Robert W. Baird began coverage on Reformation in a report on Monday. They set an “outperform” rating and a $19.00 target price for the company. Finally, BTIG Research began coverage on Reformation in a research report on Monday, August 24th. They issued a “buy” rating and a $20.00 target price on the stock.

Reformation Price Performance

NYSE REF opened at $14.99 on Monday. Reformation has a twelve month low of $12.83 and a twelve month high of $17.26.

Insider Transactions at Reformation

In other Reformation news, Director Yael Aflalo sold 1,204,029 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was 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 in the company, valued at $163,574,951.85. This represents a 9.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Scsp Refo sold 2,987,199 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.95, for a total transaction 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 $405,829,898.55. This represents a 9.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

More Reformation News

Here are the key news stories impacting Reformation this week:

• Positive Sentiment: Reformation is reportedly preparing to open a high-tech store at Toronto’s Eaton Centre, expanding its physical retail presence and potentially increasing brand visibility and sales in Canada. Internet-famous fashion brand opening high-tech new store in Toronto mall

About Reformation

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