Reformation (NYSE:REF) Upgraded to Strong-Buy at Robert W. Baird

Robert W. Baird upgraded shares of Reformation (NYSE:REF) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities analysts have also weighed in on the company. Morgan Stanley assumed coverage on Reformation in a research note on Monday. They issued an “equal weight” rating and a $16.00 price objective on the stock. William Blair assumed coverage on shares of Reformation in a report on Monday. They issued an “outperform” rating on the stock. Telsey Advisory Group assumed coverage on shares of Reformation in a research report on Monday. They set an “outperform” rating and a $20.00 price target on the stock. Guggenheim assumed coverage on shares of Reformation in a research note on Monday. They set a “buy” rating and a $20.00 price objective for the company. Finally, Citigroup started coverage on shares of Reformation in a research report on Monday. They issued a “buy” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Reformation currently has a consensus rating of “Buy” and an average price target of $19.25.

Reformation Stock Down 0.3%

REF stock opened at $14.43 on Monday. Reformation has a 12-month low of $14.20 and a 12-month high of $17.26.

Insider Transactions at Reformation

In related news, major shareholder Scsp Refo sold 2,987,199 shares of Reformation stock in a transaction 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 sale, the insider owned 29,091,749 shares of the company’s stock, valued at $405,829,898.55. The trade was a 9.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Yael Aflalo sold 1,204,029 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $13.95, for a total value of $16,796,204.55. Following the sale, the director owned 11,725,803 shares of the company’s stock, valued at $163,574,951.85. This represents a 9.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Key Headlines Impacting Reformation

Here are the key news stories impacting Reformation this week:

• Positive Sentiment: Multiple analyst upgrades strengthen the bullish case. Royal Bank of Canada upgraded Reformation to “moderate buy,” while Guggenheim and Robert W. Baird raised their ratings to “strong buy.” The cluster of upgrades suggests improving analyst confidence in the company’s outlook. Zacks.com
• Positive Sentiment: New coverage includes optimistic ratings and substantial upside targets. JPMorgan initiated coverage with an “overweight” rating and a $21 price target, while BTIG Research and Telsey Advisory Group began coverage with “buy” and “outperform” ratings, respectively, and $20 targets. These targets imply roughly 39% to 46% upside from the referenced $14.43 level. Benzinga
• Neutral Sentiment: Analyst enthusiasm has not yet translated into broad investor conviction. A recent report notes that Reformation has Wall Street’s backing, but investors remain unconvinced, indicating that the market may be waiting for stronger operating results or other evidence before assigning the stock a higher valuation. Reformation has Wall Street’s backing, but investors aren’t sold yet

Reformation Company Profile

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