JPMorgan Chase & Co. assumed coverage on shares of Reformation (NYSE:REF – Free Report) in a research report released on Monday morning, Marketbeat.com reports. The firm issued an overweight rating and a $21.00 price objective on the stock.
Other analysts have also issued research reports about the company. Citigroup began coverage on Reformation in a research note on Monday. They issued a “buy” rating and a $20.00 price target for the company. Robert W. Baird started coverage on shares of Reformation in a report on Monday. They issued an “outperform” rating and a $19.00 price objective for the company. Royal Bank Of Canada began coverage on shares of Reformation in a research report on Monday. They issued an “outperform” rating and a $18.00 target price for the company. BTIG Research assumed coverage on shares of Reformation in a research note on Monday. They set a “buy” rating and a $20.00 target price on the stock. Finally, William Blair assumed coverage on shares of Reformation in a research report on Monday. They set an “outperform” rating on the stock. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.25.
Get Our Latest Stock Report on REF
Reformation Trading Up 1.7%
Insider Buying and Selling
In related news, Director Yael Aflalo sold 1,204,029 shares of Reformation 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Scsp Refo sold 2,987,199 shares of Reformation stock in a transaction that occurred 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 sale, the insider owned 29,091,749 shares in the company, valued at $405,829,898.55. This represents a 9.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.
Key Stories Impacting Reformation
Here are the key news stories impacting Reformation this week:
- Positive Sentiment: Royal Bank of Canada initiated coverage with an “outperform” rating and an $18 price target, signaling roughly 33% potential upside based on the referenced price. Benzinga report
- Positive Sentiment: Guggenheim began coverage with a “buy” rating and a $20 target, implying approximately 48% potential upside. Ticker Report coverage
- Positive Sentiment: Robert W. Baird initiated coverage with an “outperform” rating and a $19 price target, suggesting about 40% potential upside. Ticker Report coverage
- Positive Sentiment: Media attention around a Reformation dress worn by Pippa Middleton at Wimbledon may provide a modest marketing boost and reinforce the brand’s visibility with consumers. Pippa Middleton wears Reformation dress
- Neutral Sentiment: JPMorgan, Telsey Advisory Group, and BTIG Research each initiated coverage on Reformation. The reports could broaden institutional awareness, but the provided announcements do not include ratings or price targets. JPMorgan coverage Telsey coverage BTIG coverage
- Negative Sentiment: Short interest rose 147.4% to 879,261 shares as of August 14, equal to about 1.5% of shares outstanding. While the 1.8-day short ratio is moderate, the increase indicates growing bearish positioning and could add volatility.
About Reformation
Reformation Inc provide sustainable womenswear brand. Reformation Inc is based in LOS ANGELES.
Featured Stories
- Five stocks we like better than Reformation
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Receive News & Ratings for Reformation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reformation and related companies with MarketBeat.com's FREE daily email newsletter.
