Reformation’s (REF) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Reformation (NYSE:REF)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $18.00 price target on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 33.93% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Robert W. Baird initiated coverage on shares of Reformation in a research note on Monday, August 24th. They set an “outperform” rating and a $19.00 price target on the stock. Telsey Advisory Group assumed coverage on shares of Reformation in a report on Monday, August 24th. They set an “outperform” rating and a $20.00 price target for the company. Zacks Research raised shares of Reformation to a “hold” rating in a research report on Tuesday, August 25th. William Blair started coverage on shares of Reformation in a research note on Monday, August 24th. They set an “outperform” rating on the stock. Finally, Wall Street Zen upgraded shares of Reformation to a “hold” rating in a research report on Saturday, August 8th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.25.

Reformation Trading Up 2.2%

Shares of NYSE:REF opened at $13.44 on Friday. Reformation has a 52-week low of $12.83 and a 52-week high of $17.26.

Reformation (NYSE:REF) last posted its quarterly earnings data on Thursday, September 10th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $155.23 million for the quarter, compared to analysts’ expectations of $154.61 million. The company’s revenue was up 24.1% on a year-over-year basis. As a group, research analysts anticipate that Reformation will post 0.14 earnings per share for the current year.

Insider Transactions at Reformation

In other news, major shareholder Scsp Refo sold 2,987,199 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.95, for a total transaction of $41,671,426.05. Following the transaction, the insider directly owned 29,091,749 shares in the company, 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 at this link. Also, Director Yael Aflalo sold 1,204,029 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $13.95, for a total transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,401,122 shares of company stock valued at $61,395,652.

Key Headlines Impacting Reformation

Here are the key news stories impacting Reformation this week:

• Positive Sentiment: Guggenheim reaffirmed its “Buy” rating and set a $20.00 price target, implying substantial upside from the stock’s recent level. Guggenheim price target report
• Positive Sentiment: Q2 earnings exceeded expectations: Reformation reported adjusted earnings of $0.23 per share versus the $0.20 consensus estimate, while revenue of $155.23 million slightly topped forecasts of $154.61 million. Revenue increased 24.1% year over year. Reformation Q2 earnings report
• Positive Sentiment: Profitability improved sharply: Net income rose 79.4%, and adjusted EBITDA margin expanded by 320 basis points to 16.4%, supporting the investment case for continued operating leverage. Reformation second-quarter results
• Positive Sentiment: Fiscal 2026 revenue guidance was raised or maintained above expectations at $602 million to $606 million, compared with the $601.3 million analyst consensus. Management’s upbeat outlook and double-digit growth were highlighted during the earnings call. Reformation outlook report
• Neutral Sentiment: Short interest increased significantly to 2.20 million shares as of August 31, up 150.2% from mid-August and equal to about 3.7% of shares outstanding. The elevated short positioning may increase volatility and create short-squeeze potential, but it also signals greater bearish positioning.

About Reformation

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