Wall Street Zen Upgrades Reformation (NYSE:REF) to “Hold”

Reformation (NYSE:REF) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also commented on REF. Telsey Advisory Group began coverage on shares of Reformation in a research note on Monday, August 24th. They issued an “outperform” rating and a $20.00 price objective on the stock. Zacks Research raised shares of Reformation to a “hold” rating in a research note on Tuesday, August 25th. Morgan Stanley started coverage on shares of Reformation in a report on Monday, August 24th. They issued an “equal weight” rating and a $16.00 target price on the stock. BTIG Research reaffirmed a “buy” rating on shares of Reformation in a research report on Friday, September 11th. Finally, William Blair started coverage on Reformation in a report on Monday, August 24th. They set an “outperform” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Reformation has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.

Reformation Trading Up 1.6%

Shares of REF stock opened at $13.05 on Friday. The firm has a 50 day moving average of $14.41. Reformation has a one year low of $11.85 and a one year high of $17.26. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 0.64.

Reformation (NYSE:REF) last released its earnings results 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 firm had revenue of $155.23 million for the quarter, compared to analyst estimates of $154.61 million. Reformation’s revenue was up 24.1% on a year-over-year basis. As a group, equities analysts anticipate that Reformation will post 0.17 EPS for the current year.

Insider Buying and Selling at Reformation

In other news, Director Yael Aflalo sold 60,298 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total transaction of $841,157.10. Following the transaction, the director owned 11,665,505 shares of the company’s stock, valued at $162,733,794.75. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Scsp Refo sold 149,596 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total value of $2,086,864.20. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 4,401,122 shares of company stock valued at $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.