Reformation (NYSE:REF) Releases Earnings Results, Meets Estimates

Reformation (NYSE:REF) announced its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02, Zacks reports.

Reformation Trading Down 8.5%

NYSE:REF traded down $1.56 on Thursday, hitting $16.85. 562,760 shares of the company’s stock traded hands, compared to its average volume of 500,817. 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 has a 1 year low of $11.85 and a 1 year high of $18.44. The firm’s 50-day simple moving average is $14.24. The firm has a market capitalization of $995.50 million and a P/E ratio of -1,685.00.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on REF. Wall Street Zen raised Reformation to a “hold” rating in a research note on Saturday, October 3rd. Citigroup assumed coverage on shares of Reformation in a research note on Monday, August 24th. They set a “buy” rating and a $20.00 price objective for the company. William Blair assumed coverage on shares of Reformation in a report on Monday, August 24th. They issued an “outperform” rating for the company. Weiss Ratings began coverage on shares of Reformation in a research report on Monday, October 26th. They issued a “sell (e)” rating on the stock. Finally, BTIG Research reissued a “buy” rating on shares of Reformation in a research report on Friday, September 11th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.25.

Insider Transactions at Reformation

In related news, Director Yael Aflalo sold 60,298 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total transaction of $841,157.10. Following the completion of the sale, the director directly owned 11,665,505 shares in the company, valued at approximately $162,733,794.75. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Scsp Refo sold 149,596 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total transaction of $2,086,864.20. Following the transaction, the insider directly owned 28,942,153 shares in the company, valued at $403,743,034.35. The trade was a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Reformation Company Profile

Reformation is a fashion company that designs and sells women’s clothing, footwear, accessories and related products. Its assortment includes dresses, tops, denim, knitwear, outerwear, shoes, handbags and wedding apparel, with products offered through its direct-to-consumer website and retail stores.

Founded in 2009 by Yael Aflalo, Reformation built its brand around combining contemporary style with sustainability-focused production practices. The company has emphasized the use of lower-impact materials, reuse of vintage garments and deadstock fabrics, and efforts to reduce the environmental impact of its operations and supply chain.

Reformation serves customers in the United States and internationally through its online platform and a network of retail locations.