Reformation (NYSE:REF) Rating Increased to Hold at Zacks Research

Reformation (NYSE:REF) was upgraded by analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms also recently issued reports on REF. Morgan Stanley started coverage on Reformation in a report on Monday. They set an “equal weight” rating and a $16.00 price objective on the stock. Royal Bank Of Canada began coverage on Reformation in a research report on Monday. They set an “outperform” rating and a $18.00 target price for the company. Guggenheim assumed coverage on Reformation in a research report on Monday. They set a “buy” rating and a $20.00 target price for the company. Citigroup initiated coverage on Reformation in a report on Monday. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Telsey Advisory Group assumed coverage on Reformation in a report on Monday. They issued an “outperform” rating and a $20.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Reformation currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.

Reformation Price Performance

Shares of Reformation stock opened at $13.54 on Tuesday. Reformation has a fifty-two week low of $12.83 and a fifty-two week high of $17.26.

Insider Buying and Selling

In other Reformation news, Director Yael Aflalo sold 1,204,029 shares of Reformation 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 of the company’s stock, valued at approximately $163,574,951.85. The trade was a 9.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Scsp Refo sold 2,987,199 shares of the company’s 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 disclosure for this sale is available in the SEC filing.

Trending Headlines about Reformation

Here are the key news stories impacting Reformation this week:

• Positive Sentiment: Royal Bank of Canada initiated coverage with an “outperform” rating and an $18 price target, signaling roughly 33% potential upside based on the referenced price. Benzinga report
• Positive Sentiment: Guggenheim began coverage with a “buy” rating and a $20 target, implying approximately 48% potential upside. Ticker Report coverage
• Positive Sentiment: Robert W. Baird initiated coverage with an “outperform” rating and a $19 price target, suggesting about 40% potential upside. Ticker Report coverage
• Positive Sentiment: Media attention around a Reformation dress worn by Pippa Middleton at Wimbledon may provide a modest marketing boost and reinforce the brand’s visibility with consumers. Pippa Middleton wears Reformation dress
• Neutral Sentiment: JPMorgan, Telsey Advisory Group, and BTIG Research each initiated coverage on Reformation. The reports could broaden institutional awareness, but the provided announcements do not include ratings or price targets. JPMorgan coverage Telsey coverage BTIG coverage
• Negative Sentiment: Short interest rose 147.4% to 879,261 shares as of August 14, equal to about 1.5% of shares outstanding. While the 1.8-day short ratio is moderate, the increase indicates growing bearish positioning and could add volatility.

About Reformation

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