Reformation (NYSE:REF) Research Coverage Started at Telsey Advisory Group

Telsey Advisory Group began coverage on shares of Reformation (NYSE:REF) in a research note released on Monday, MarketBeat.com reports. The firm issued an outperform rating and a $20.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. William Blair assumed coverage on Reformation in a research note on Monday. They set an “outperform” rating on the stock. BTIG Research began coverage on shares of Reformation in a research report on Monday. They set a “buy” rating and a $20.00 price target for the company. Wall Street Zen upgraded shares of Reformation to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley assumed coverage on shares of Reformation in a research report on Monday. They issued an “equal weight” rating and a $16.00 price objective on the stock. Finally, Robert W. Baird started coverage on shares of Reformation in a research note on Monday. They issued an “outperform” rating and a $19.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Reformation presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.

Reformation Trading Up 1.7%

REF stock opened at $13.54 on Monday. Reformation has a 1-year low of $12.83 and a 1-year high of $17.26.

Insiders Place Their Bets

In other Reformation news, Director Yael Aflalo sold 1,204,029 shares of the business’s stock in a transaction 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 sale, the director directly owned 11,725,803 shares in the company, valued at $163,574,951.85. The trade was a 9.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 value of $41,671,426.05. Following 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 disclosure for this sale is available in the SEC filing.

More Reformation News

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.

Reformation Company Profile

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