Reformation Inc. (NYSE:REF) Stock Has Consensus Price Target of $19.25 According to Brokerages

Shares of Reformation Inc. (NYSE:REF) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.25.

A number of research firms recently issued reports on REF. Telsey Advisory Group began coverage on Reformation in a research note on Monday, August 24th. They set an “outperform” rating and a $20.00 price target on the stock. William Blair began coverage on Reformation in a research report on Monday, August 24th. They set an “outperform” rating on the stock. Guggenheim reiterated a “buy” rating and issued a $20.00 price objective on shares of Reformation in a research note on Friday, September 11th. BTIG Research reissued a “buy” rating on shares of Reformation in a report on Friday, September 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $18.00 price objective on shares of Reformation in a report on Friday, September 11th.

Insiders Place Their Bets

In related news, Director Yael Aflalo sold 1,204,029 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $13.95, for a total transaction of $16,796,204.55. Following the completion of the sale, the director owned 11,725,803 shares in the company, valued at $163,574,951.85. This represents a 9.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Scsp Refo sold 2,987,199 shares of the stock in a transaction on Friday, July 31st. The stock was 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 approximately $405,829,898.55. This represents a 9.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,401,122 shares of company stock worth $61,395,652 over the last ninety days.

Reformation Stock Performance

Shares of REF stock opened at $13.64 on Tuesday. The business’s 50-day moving average price is $14.03. The stock has a market capitalization of $805.85 million and a price-to-earnings ratio of -1,364.00. Reformation has a 1 year low of $11.85 and a 1 year high of $17.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 1.58.

Reformation (NYSE:REF) last posted its earnings results 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 for the quarter, compared to analyst estimates of $154.61 million. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. As a group, research analysts predict that Reformation will post 0.17 EPS for the current year.

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.