Reformation (NYSE:REF) Stock Rating Upgraded by Guggenheim

Reformation (NYSE:REF) was upgraded by Guggenheim to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the company. Telsey Advisory Group began coverage on Reformation in a research note on Monday. They set an “outperform” rating and a $20.00 price target for the company. Citigroup started coverage on Reformation in a research note on Monday. They issued a “buy” rating and a $20.00 price objective on the stock. BTIG Research began coverage on Reformation in a report on Monday. They issued a “buy” rating and a $20.00 target price for the company. JPMorgan Chase & Co. started coverage on Reformation in a research report on Monday. They set an “overweight” rating and a $21.00 target price for the company. Finally, Wall Street Zen upgraded Reformation to a “hold” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $19.25.

Reformation Trading Down 0.3%

NYSE REF opened at $14.43 on Monday. Reformation has a fifty-two week low of $14.20 and a fifty-two week high of $17.26.

Insiders Place Their Bets

In other news, major shareholder Scsp Refo sold 2,987,199 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 29,091,749 shares of the company’s stock, valued at approximately $405,829,898.55. This trade represents a 9.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yael Aflalo sold 1,204,029 shares of Reformation stock in a transaction dated 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 transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure.

About Reformation

Reformation Inc provide sustainable womenswear brand. Reformation Inc is based in LOS ANGELES.