Reformation (NYSE:REF) Shares Climb 4.6% – Should You Buy?

Reformation Inc. (NYSE:REF) rose 4.6% during trading on Monday. The stock traded as high as $14.33 and last traded at $14.29. 117,623 shares changed hands during trading, a decline of 77% from the average session volume of 517,236 shares. The stock had previously closed at $13.66.

Wall Street Analysts Forecast Growth

REF has been the subject of a number of recent analyst reports. Citigroup assumed coverage on Reformation in a research report on Monday, August 24th. They issued a “buy” rating and a $20.00 price target for the company. Wall Street Zen raised Reformation to a “hold” rating in a research note on Saturday, October 3rd. JPMorgan Chase & Co. initiated coverage on Reformation in a report on Monday, August 24th. They set an “overweight” rating and a $21.00 price objective on the stock. William Blair initiated coverage on shares of Reformation in a research note on Monday, August 24th. They set an “outperform” rating for the company. Finally, Robert W. Baird started coverage on shares of Reformation in a research note on Monday, August 24th. They set an “outperform” rating and a $19.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Reformation has a consensus rating of “Moderate Buy” and an average target price of $19.25.

Reformation Price Performance

The company’s 50-day moving average is $14.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 1.58.

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

Insiders Place Their Bets

In other news, Director Yael Aflalo sold 60,298 shares of Reformation stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $13.95, for a total transaction of $841,157.10. Following the transaction, the director owned 11,665,505 shares in the company, valued at approximately $162,733,794.75. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Scsp Refo sold 149,596 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total value of $2,086,864.20. Following the transaction, the insider directly owned 28,942,153 shares in the company, valued at $403,743,034.35. The trade was a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,401,122 shares of company stock valued at $61,395,652 in the last 90 days.

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.