Wall Street Zen upgraded shares of Reformation (NYSE:REF – Free Report) to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
Other analysts have also issued research reports about the company. Zacks Research upgraded Reformation to a “hold” rating in a report on Tuesday, August 25th. Robert W. Baird assumed coverage on shares of Reformation in a research note on Monday, August 24th. They set an “outperform” rating and a $19.00 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $18.00 price objective on shares of Reformation in a research report on Friday, September 11th. Telsey Advisory Group began coverage on shares of Reformation in a research note on Monday, August 24th. They issued an “outperform” rating and a $20.00 target price on the stock. Finally, Morgan Stanley started coverage on shares of Reformation in a report on Monday, August 24th. They issued an “equal weight” rating and a $16.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Reformation has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.
Reformation Stock Up 2.8%
Reformation (NYSE:REF – Get Free Report) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $155.23 million for the quarter, compared to the consensus estimate of $154.61 million. Reformation’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, sell-side analysts forecast that Reformation will post 0.17 earnings per share for the current year.
Insiders Place Their Bets
In other Reformation news, major shareholder Scsp Refo sold 2,987,199 shares of the company’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 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. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Yael Aflalo sold 1,204,029 shares of the company’s stock in a transaction 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 transaction, the director directly owned 11,725,803 shares in the company, valued at $163,574,951.85. This trade represents a 9.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,401,122 shares of company stock valued at $61,395,652.
Reformation Company Profile
Reformation, Inc is a fashion company that designs, manufactures and sells women’s clothing, footwear, accessories and bridal apparel. Its product assortment includes dresses, tops, denim, knitwear, outerwear and occasionwear, with an emphasis on contemporary styles and limited production runs.
The company markets itself as a sustainability-focused brand and incorporates practices such as using lower-impact materials, operating energy-efficient facilities and providing information about the environmental impact of selected products.
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