Reformation (NYSE:REF) Stock Price Down 6.7% – What’s Next?

Reformation Inc. (NYSE:REF)’s stock price traded down 6.7% during trading on Monday . The stock traded as low as $13.98 and last traded at $14.00. Approximately 127,211 shares were traded during trading, a decline of 73% from the average session volume of 468,328 shares. The stock had previously closed at $15.00.

Analyst Ratings Changes

Several research analysts have commented on the company. Telsey Advisory Group assumed coverage on Reformation in a research report on Monday, August 24th. They set an “outperform” rating and a $20.00 price target on the stock. William Blair initiated coverage on Reformation in a report on Monday, August 24th. They set an “outperform” rating on the stock. Royal Bank Of Canada began coverage on Reformation in a research note on Monday, August 24th. They issued an “outperform” rating and a $18.00 target price on the stock. Wall Street Zen raised shares of Reformation to a “hold” rating in a research note on Saturday, August 8th. Finally, Citigroup assumed coverage on shares of Reformation in a report on Monday, August 24th. They set a “buy” rating and a $20.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Reformation has an average rating of “Moderate Buy” and an average target price of $19.25.

Reformation Stock Down 4.0%

Insider Activity at Reformation

In related news, major shareholder Scsp Refo sold 2,987,199 shares of Reformation stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.95, for a total transaction of $41,671,426.05. Following the completion of the transaction, the insider directly owned 29,091,749 shares of the company’s stock, valued at approximately $405,829,898.55. The trade was a 9.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 owned 11,725,803 shares in the company, valued at approximately $163,574,951.85. The trade was a 9.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Reformation Company Profile

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