Reformation Inc. (NYSE:REF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Reformation Inc. (NYSE:REF) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $19.25.

Several research firms recently commented on REF. 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 for the company. Morgan Stanley began coverage on shares of Reformation in a research note on Monday, August 24th. They set an “equal weight” rating and a $16.00 target price on the stock. BTIG Research reaffirmed a “buy” rating on shares of Reformation in a report on Friday, September 11th. William Blair began coverage on shares of Reformation in a research report on Monday, August 24th. They issued an “outperform” rating for the company. Finally, Telsey Advisory Group initiated coverage on shares of Reformation in a research note on Monday, August 24th. They issued an “outperform” rating and a $20.00 price target on the stock.

Insider Activity 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 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 completion of the sale, the insider owned 29,091,749 shares of the company’s stock, valued at approximately $405,829,898.55. The trade was a 9.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,401,122 shares of company stock worth $61,395,652.

Reformation Trading Down 1.3%

NYSE:REF opened at $15.53 on Friday. Reformation has a 12 month low of $12.83 and a 12 month 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 the consensus estimate of $0.20 by $0.03. The firm had revenue of $155.23 million during the quarter, compared to analysts’ expectations of $154.61 million. The business’s revenue was up 24.1% compared to the same quarter last year. Analysts expect that Reformation will post 0.16 EPS for the current year.

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.