Reformation (NYSE:REF) Hits New 12-Month High – Still a Buy?

Reformation Inc. (NYSE:REF)’s stock price hit a new 52-week high during trading on Wednesday. The stock traded as high as $17.70 and last traded at $17.65, with a volume of 12,776 shares traded. The stock had previously closed at $16.99.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on REF. William Blair assumed coverage on shares of Reformation in a research report on Monday, August 24th. They issued an “outperform” rating for the company. Morgan Stanley initiated coverage on Reformation in a report on Monday, August 24th. They set an “equal weight” rating and a $16.00 price objective on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $18.00 target price on shares of Reformation in a research report on Friday, September 11th. Guggenheim reissued a “buy” rating and issued a $20.00 target price on shares of Reformation in a report on Friday, September 11th. Finally, Citigroup began coverage on Reformation in a research report on Monday, August 24th. They issued a “buy” rating and a $20.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.25.

Reformation Stock Up 5.7%

The business’s fifty day moving average price is $14.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.58 and a quick ratio of 0.96. The company has a market capitalization of $1.06 billion and a P/E ratio of -1,796.00.

Reformation (NYSE:REF) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $155.23 million during the quarter, compared to analysts’ expectations of $154.61 million. The company’s revenue was up 24.1% on a year-over-year basis. Analysts expect that Reformation Inc. will post 0.17 EPS for the current year.

Insider Transactions at Reformation

In related news, Director Yael Aflalo sold 60,298 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total value of $841,157.10. Following the transaction, the director owned 11,665,505 shares in the company, valued at approximately $162,733,794.75. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Scsp Refo sold 149,596 shares of Reformation stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total transaction of $2,086,864.20. Following the transaction, the insider owned 28,942,153 shares in the company, valued at $403,743,034.35. The trade was a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Reformation Company Profile

Reformation is a fashion company that designs and sells women’s clothing, footwear, accessories and related products. Its assortment includes dresses, tops, denim, knitwear, outerwear, shoes, handbags and wedding apparel, with products offered through its direct-to-consumer website and retail stores.

Founded in 2009 by Yael Aflalo, Reformation built its brand around combining contemporary style with sustainability-focused production practices. The company has emphasized the use of lower-impact materials, reuse of vintage garments and deadstock fabrics, and efforts to reduce the environmental impact of its operations and supply chain.

Reformation serves customers in the United States and internationally through its online platform and a network of retail locations.