Reformation (NYSE:REF) Upgraded at Guggenheim

Reformation (NYSE:REF) was upgraded by stock analysts at Guggenheim to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. assumed coverage on Reformation in a research note on Monday. They issued an “overweight” rating and a $21.00 price objective for the company. Citigroup assumed coverage on Reformation in a research note on Monday. They set a “buy” rating and a $20.00 target price on the stock. Royal Bank Of Canada began coverage on Reformation in a report on Monday. They issued an “outperform” rating and a $18.00 target price on the stock. William Blair assumed coverage on shares of Reformation in a research report on Monday. They issued an “outperform” rating for the company. Finally, Morgan Stanley initiated coverage on shares of Reformation in a report on Monday. They set an “equal weight” rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $19.25.

Reformation Price Performance

Shares of REF stock opened at $14.43 on Monday. Reformation has a 1-year low of $14.20 and a 1-year high of $17.26.

Insider Transactions at Reformation

In related news, Director Yael Aflalo sold 1,204,029 shares of the business’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 sale, the director owned 11,725,803 shares of the company’s stock, valued at approximately $163,574,951.85. The trade was a 9.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Scsp Refo sold 2,987,199 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 position. The SEC filing for this sale provides additional information.

Reformation Company Profile

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