Reformation Inc. (NYSE:REF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Reformation Inc. (NYSE:REF) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $18.60.

REF has been the topic of several research reports. Wall Street Zen raised Reformation to a “hold” rating in a report on Saturday, August 8th. William Blair assumed coverage on Reformation in a research note on Monday. They set an “outperform” rating for the company. Robert W. Baird assumed coverage on Reformation in a report on Monday. They set an “outperform” rating and a $19.00 price target for the company. Telsey Advisory Group initiated coverage on Reformation in a research note on Monday. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on Reformation in a report on Monday. They set an “equal weight” rating and a $16.00 price objective on the stock.

Reformation Stock Performance

REF opened at $14.50 on Monday. Reformation has a 52 week low of $14.29 and a 52 week high of $17.26.

Insiders Place Their Bets

In related news, major shareholder Scsp Refo sold 2,987,199 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.95, for a total value of $41,671,426.05. Following the completion of the transaction, 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 transaction 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 the business’s stock in a transaction 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 owned 11,725,803 shares in the company, valued at $163,574,951.85. This represents a 9.31% decrease in their position. The disclosure for this sale is available in the SEC filing.

About Reformation

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