Reformation (NYSE:REF) Stock Rating Upgraded by Zacks Research

Reformation (NYSE:REF) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Telsey Advisory Group started coverage on Reformation in a research note on Monday. They issued an “outperform” rating and a $20.00 price target on the stock. Wall Street Zen upgraded Reformation to a “hold” rating in a research report on Saturday, August 8th. William Blair assumed coverage on Reformation in a report on Monday. They issued an “outperform” rating for the company. JPMorgan Chase & Co. started coverage on shares of Reformation in a research report on Monday. They set an “overweight” rating and a $21.00 target price on the stock. Finally, BTIG Research initiated coverage on shares of Reformation in a research note on Monday. They set a “buy” rating and a $20.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.25.

Reformation Price Performance

Shares of REF stock opened at $13.54 on Tuesday. Reformation has a 12-month low of $12.83 and a 12-month high of $17.26.

Insider Buying and Selling

In other news, major shareholder Scsp Refo sold 2,987,199 shares of Reformation stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 29,091,749 shares in the company, valued at approximately $405,829,898.55. This trade represents a 9.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yael Aflalo sold 1,204,029 shares of the business’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 value of $16,796,204.55. Following the sale, the director directly owned 11,725,803 shares in the company, valued at $163,574,951.85. This trade represents a 9.31% decrease in their position. The SEC filing for this sale provides additional information.

Key Reformation News

Here are the key news stories impacting Reformation this week:

• Positive Sentiment: Royal Bank of Canada initiated coverage with an “outperform” rating and an $18 price target, signaling roughly 33% potential upside based on the referenced price. Benzinga report
• Positive Sentiment: Guggenheim began coverage with a “buy” rating and a $20 target, implying approximately 48% potential upside. Ticker Report coverage
• Positive Sentiment: Robert W. Baird initiated coverage with an “outperform” rating and a $19 price target, suggesting about 40% potential upside. Ticker Report coverage
• Positive Sentiment: Media attention around a Reformation dress worn by Pippa Middleton at Wimbledon may provide a modest marketing boost and reinforce the brand’s visibility with consumers. Pippa Middleton wears Reformation dress
• Neutral Sentiment: JPMorgan, Telsey Advisory Group, and BTIG Research each initiated coverage on Reformation. The reports could broaden institutional awareness, but the provided announcements do not include ratings or price targets. JPMorgan coverage Telsey coverage BTIG coverage
• Negative Sentiment: Short interest rose 147.4% to 879,261 shares as of August 14, equal to about 1.5% of shares outstanding. While the 1.8-day short ratio is moderate, the increase indicates growing bearish positioning and could add volatility.

About Reformation

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