Reformation Inc. (NYSE:REF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Reformation Inc. (NYSE:REF) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $18.60.

A number of brokerages recently issued reports on REF. Citigroup initiated coverage on Reformation in a research note on Monday. They set a “buy” rating for the company. William Blair assumed coverage on shares of Reformation in a research report on Monday. They issued an “outperform” rating for the company. Morgan Stanley initiated coverage on shares of Reformation in a research note on Monday. They issued an “equal weight” rating and a $16.00 price objective for the company. BTIG Research assumed coverage on shares of Reformation in a research note on Monday. They set a “buy” rating and a $20.00 target price on the stock. Finally, Wall Street Zen raised shares of Reformation to a “hold” rating in a report on Saturday, August 8th.

Insider Transactions at Reformation

In other Reformation news, major shareholder Scsp Refo sold 2,987,199 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $13.95, for a total value of $41,671,426.05. Following the completion of the transaction, the insider directly owned 29,091,749 shares in the company, valued at $405,829,898.55. This represents a 9.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yael Aflalo sold 1,204,029 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $13.95, for a total value of $16,796,204.55. Following the completion of the transaction, the director owned 11,725,803 shares of the company’s stock, valued at $163,574,951.85. The trade was a 9.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Reformation Price Performance

Shares of REF opened at $14.50 on Monday. Reformation has a 52 week low of $14.29 and a 52 week high of $17.26.

Reformation Company Profile

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