Reformation (NYSE:REF) Stock Price Up 4.6% – Still a Buy?

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

Analyst Ratings Changes

Several equities analysts recently weighed in on REF shares. Zacks Research raised shares of Reformation to a “hold” rating in a research report on Tuesday, August 25th. Morgan Stanley started coverage on shares of Reformation in a research report on Monday, August 24th. They issued an “equal weight” rating and a $16.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $18.00 target price on shares of Reformation in a report on Friday, September 11th. Guggenheim reaffirmed a “buy” rating and issued a $20.00 price target on shares of Reformation in a research report on Friday, September 11th. Finally, JPMorgan Chase & Co. started coverage on Reformation in a research report on Monday, August 24th. They issued an “overweight” rating and a $21.00 price target on the stock. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.25.

Reformation Price Performance

The stock has a market capitalization of $842.48 million and a PE ratio of 62.00. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $14.25.

Reformation (NYSE:REF) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $155.23 million during the quarter, compared to analyst estimates of $154.61 million. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. On average, research analysts anticipate that Reformation Inc. will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Yael Aflalo sold 60,298 shares of the firm’s 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 sale, the director owned 11,665,505 shares of the company’s stock, valued at approximately $162,733,794.75. This trade represents a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Scsp Refo sold 149,596 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 28,942,153 shares of the company’s stock, valued at approximately $403,743,034.35. The trade was a 0.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 4,401,122 shares of company stock valued at $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.