Reformation (NYSE:REF) Price Target Raised to $26.00

Reformation (NYSE:REF) had its price objective upped by JPMorgan Chase & Co. from $21.00 to $26.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 38.52% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. BTIG Research upped their target price on shares of Reformation from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, November 6th. Guggenheim reiterated a “buy” rating and issued a $20.00 price target on shares of Reformation in a research note on Friday, September 11th. Zacks Research raised Reformation to a “hold” rating in a report on Tuesday, August 25th. Robert W. Baird assumed coverage on Reformation in a research report on Monday, August 24th. They issued an “outperform” rating and a $19.00 target price for the company. Finally, Wall Street Zen upgraded Reformation to a “hold” rating in a research report on Saturday, October 3rd. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Reformation presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.38.

Reformation Trading Up 0.2%

REF stock opened at $18.77 on Thursday. Reformation has a twelve month low of $11.85 and a twelve month high of $20.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.76 and a quick ratio of 0.96. The firm has a market capitalization of $1.11 billion and a P/E ratio of 1,877.00. The stock’s 50 day moving average is $14.67.

Reformation (NYSE:REF) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $173.57 million for the quarter, compared to analysts’ expectations of $170.48 million. The business’s revenue was up 19.1% compared to the same quarter last year. On average, research analysts predict that Reformation will post 0.10 EPS for the current year.

Insider Transactions at Reformation

In other 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 value 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 approximately $162,733,794.75. The trade was a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction of $2,086,864.20. Following the sale, the insider directly 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 position. The SEC filing for this sale provides additional information.

About Reformation

Reformation is a Los Angeles-based fashion company that designs and sells women’s clothing and accessories. Its offerings include dresses, tops, denim, outerwear, footwear, handbags and bridal styles, sold through its website and retail stores. Founded in 2009 by Yael Aflalo, the company built its brand around combining contemporary fashion with efforts to reduce the environmental impact of its products and operations. Reformation serves customers in the United States and internationally through its online business and stores.