Reformation Inc. (NYSE:REF) Stock Has Average Target Price of $19.25

Reformation Inc. (NYSE:REF) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.25.

A number of equities analysts have recently issued reports on the stock. William Blair started coverage on shares of Reformation in a report on Monday, August 24th. They issued an “outperform” rating for the company. Citigroup started coverage on shares of Reformation in a report on Monday, August 24th. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Research upgraded shares of Reformation to a “hold” rating in a research report on Tuesday, August 25th. BTIG Research restated a “buy” rating on shares of Reformation in a report on Friday, September 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Reformation in a research note on Friday, September 11th.

Reformation Stock Performance

Shares of Reformation stock opened at $14.43 on Tuesday. Reformation has a one year low of $11.85 and a one year 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. The stock’s fifty day moving average price is $14.07.

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

Insiders Place Their Bets

In other Reformation news, major shareholder Scsp Refo sold 149,596 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $13.95, for a total value of $2,086,864.20. Following the sale, the insider owned 28,942,153 shares of the company’s stock, valued at approximately $403,743,034.35. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yael Aflalo sold 60,298 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total value of $841,157.10. Following the completion of the sale, the director directly owned 11,665,505 shares in the company, valued at $162,733,794.75. This trade represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, 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.