Reformation Inc. (REF) – What Are Brokerages Thinking About This Stock?

Shares of Reformation Inc. (NYSE:REF) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $19.25.

REF has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $18.00 target price on shares of Reformation in a research report on Friday, September 11th. William Blair initiated coverage on Reformation in a research report on Monday, August 24th. They issued an “outperform” rating on the stock. Robert W. Baird initiated coverage on Reformation in a research note on Monday, August 24th. They issued an “outperform” rating and a $19.00 price target for the company. Citigroup assumed coverage on Reformation in a research report on Monday, August 24th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Telsey Advisory Group initiated coverage on Reformation in a report on Monday, August 24th. They issued an “outperform” rating and a $20.00 target price on the stock.

Insiders Place Their Bets

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

Reformation Price Performance

REF opened at $14.32 on Tuesday. Reformation has a fifty-two week low of $11.85 and a fifty-two week high of $17.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 1.58. The stock’s 50 day simple moving average is $14.01.

Reformation (NYSE:REF) last released its quarterly earnings results on Thursday, September 10th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $155.23 million for the quarter, compared to the consensus estimate of $154.61 million. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. Equities research analysts predict that Reformation will post 0.17 EPS for the current year.

About Reformation

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.