Reformation Inc. (NYSE:REF) Stock Rated “Moderate Buy” by Wall Street Analysts

Reformation Inc. (NYSE:REF) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, 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 brokerages that have updated their coverage on the stock in the last year is $19.25.

A number of equities research analysts have recently commented on the stock. Guggenheim reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Reformation in a research note on Friday, September 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $18.00 target price on shares of Reformation in a report on Friday, September 11th. JPMorgan Chase & Co. started coverage on Reformation in a report on Monday, August 24th. They set an “overweight” rating and a $21.00 price target for the company. Telsey Advisory Group initiated coverage on Reformation in a research report on Monday, August 24th. They issued an “outperform” rating and a $20.00 price objective for the company. Finally, Robert W. Baird began coverage on Reformation in a research note on Monday, August 24th. They issued an “outperform” rating and a $19.00 price objective on the stock.

Reformation Stock Up 0.8%

Shares of REF opened at $12.57 on Friday. The business’s 50-day moving average is $14.69. Reformation has a 1 year low of $12.15 and a 1 year high of $17.26.

Reformation (NYSE:REF) last released its earnings results on Thursday, September 10th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $155.23 million for the quarter, compared to analyst estimates of $154.61 million. Reformation’s revenue was up 24.1% on a year-over-year basis. On average, research analysts anticipate that Reformation will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Reformation news, major shareholder Scsp Refo sold 149,596 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $13.95, for a total transaction of $2,086,864.20. Following the transaction, the insider directly owned 28,942,153 shares in the company, valued at approximately $403,743,034.35. This represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yael Aflalo sold 60,298 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $13.95, for a total transaction of $841,157.10. Following the sale, the director directly owned 11,665,505 shares of the company’s stock, valued at approximately $162,733,794.75. This trade represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 4,401,122 shares of company stock valued at $61,395,652.

Reformation Company Profile

Reformation, Inc is a fashion company that designs and sells women’s clothing, footwear and accessories under the Reformation brand. Its product range includes dresses, tops, denim, knitwear, outerwear, swimwear, bridal apparel and related accessories, with collections marketed around contemporary style and more sustainable production practices.

The company sells its products through its e-commerce platform and a network of retail stores, serving customers in the United States and select international markets.