Reformation (NYSE:REF) Stock Price Target Raised at BTIG Research

Reformation (NYSE:REF) had its target price raised by BTIG Research from $20.00 to $21.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. BTIG Research‘s target price would indicate a potential upside of 24.63% from the stock’s current price.

A number of other research firms have also recently commented on REF. Weiss Ratings began coverage on Reformation in a research note on Monday, October 26th. They issued a “sell (e)” rating for the company. Guggenheim restated a “buy” rating and set a $20.00 price target on shares of Reformation in a research note on Friday, September 11th. Morgan Stanley began coverage on shares of Reformation in a report on Monday, August 24th. They set an “equal weight” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of Reformation in a research report on Monday, August 24th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, William Blair started coverage on shares of Reformation in a research note on Monday, August 24th. They issued an “outperform” rating for the company. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Reformation currently has a consensus rating of “Moderate Buy” and an average target price of $19.38.

Reformation Trading Down 8.5%

Shares of REF opened at $16.85 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 1.58. The stock has a market cap of $995.48 million and a price-to-earnings ratio of -1,685.00. Reformation has a 12 month low of $11.85 and a 12 month high of $18.44. The firm’s fifty day simple moving average is $14.31.

Reformation (NYSE:REF) last announced its earnings results on Thursday, November 5th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $173.57 million during the quarter, compared to analysts’ expectations of $170.48 million. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, research analysts forecast that Reformation will post 0.17 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Scsp Refo sold 149,596 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $13.95, for a total value of $2,086,864.20. Following the completion of the transaction, the insider owned 28,942,153 shares in the company, valued at $403,743,034.35. This trade represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Yael Aflalo sold 60,298 shares of Reformation stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $13.95, for a total value of $841,157.10. Following the sale, the director directly owned 11,665,505 shares of the company’s stock, valued at approximately $162,733,794.75. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information.

About Reformation

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.