Reformation (NYSE:REF) Major Shareholder Scsp Refo Sells 149,596 Shares of Stock

Reformation Inc. (NYSE:REF) major shareholder Scsp Refo sold 149,596 shares of the stock in a transaction that occurred 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 owned 28,942,153 shares of the company’s stock, valued at $403,743,034.35. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Scsp Refo also recently made the following trade(s):

• On Friday, July 31st, Scsp Refo sold 2,987,199 shares of Reformation stock. The shares were sold at an average price of $13.95, for a total transaction of $41,671,426.05.

Reformation Price Performance

REF stock opened at $13.76 on Friday. Reformation Inc. has a fifty-two week low of $12.83 and a fifty-two week high of $17.26.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Reformation in a research note on Monday, August 24th. They issued an “equal weight” rating and a $16.00 price objective for the company. Citigroup assumed coverage on shares of Reformation in a report on Monday, August 24th. They issued a “buy” rating and a $20.00 price target for the company. Wall Street Zen upgraded Reformation to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. started coverage on Reformation in a research note on Monday, August 24th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, William Blair started coverage on Reformation in a report on Monday, August 24th. They issued an “outperform” rating for the company. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.25.

About Reformation

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