Reformation (NYSE:REF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Reformation (NYSE:REF) to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other brokerages have also weighed in on REF. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $18.00 target price on shares of Reformation in a research note on Friday, September 11th. Robert W. Baird initiated coverage on shares of Reformation in a report on Monday, August 24th. They issued an “outperform” rating and a $19.00 price objective for the company. Zacks Research raised Reformation to a “hold” rating in a research report on Tuesday, August 25th. Guggenheim reaffirmed a “buy” rating and set a $20.00 price objective on shares of Reformation in a research report on Friday, September 11th. Finally, William Blair began coverage on Reformation in a report on Monday, August 24th. They set an “outperform” rating on the stock. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Reformation currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.

Reformation Stock Up 1.8%

Shares of REF stock opened at $13.08 on Friday. The business has a fifty day simple moving average of $14.38. Reformation has a 52 week low of $11.85 and a 52 week high of $17.26. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 0.64.

Reformation (NYSE:REF) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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. Reformation’s quarterly revenue was up 24.1% on a year-over-year basis. Equities analysts anticipate that Reformation will post 0.17 EPS for the current year.

Insiders Place Their Bets

In related news, Director Yael Aflalo sold 60,298 shares of Reformation stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total transaction of $841,157.10. Following the completion of the transaction, the director directly owned 11,665,505 shares of the company’s stock, valued at $162,733,794.75. This trade represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Scsp Refo sold 149,596 shares of Reformation stock in a transaction dated 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 directly owned 28,942,153 shares of the company’s stock, valued at approximately $403,743,034.35. This trade represents a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,401,122 shares of company stock worth $61,395,652.

Reformation Company Profile

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.