Reformation (NYSE:REF) Given New $26.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its Reformation price target to $26 from $21 and maintained an “overweight” rating, implying 38.52% upside from the stock’s current price.
• Analyst opinion is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $20.38, with eight Buy, two Hold, and one Sell ratings.
• Reformation’s latest quarter included revenue of $173.57 million, up 19.1% year over year and above expectations, but EPS was a loss of $0.02, missing the consensus estimate of $0.02.

Reformation (NYSE:REF - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $21.00 to $26.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 38.52% from the stock's current price.

A number of other equities research analysts have also issued reports on REF. Telsey Advisory Group assumed coverage on Reformation in a research note on Monday, August 24th. They issued an "outperform" rating and a $20.00 target price for the company. Morgan Stanley began coverage on Reformation in a report on Monday, August 24th. They set an "equal weight" rating and a $16.00 target price on the stock. Guggenheim reissued a "buy" rating and set a $20.00 price target on shares of Reformation in a research report on Friday, September 11th. Wall Street Zen upgraded Reformation to a "hold" rating in a report on Saturday, October 3rd. Finally, William Blair began coverage on shares of Reformation in a research report on Monday, August 24th. They issued an "outperform" rating for the company. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $20.38.

Reformation Trading Up 0.2%

Shares of Reformation stock opened at $18.77 on Thursday. The business's fifty day simple moving average is $14.67. The company has a current ratio of 1.76, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. Reformation has a twelve month low of $11.85 and a twelve month high of $20.55. The stock has a market cap of $1.11 billion and a PE ratio of 1,877.00.

Reformation (NYSE:REF - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.02) earnings per share (EPS) 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. Reformation's quarterly revenue was up 19.1% compared to the same quarter last year. Analysts forecast that Reformation will post 0.10 earnings per share for the current year.

Insider Buying and Selling at Reformation

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

About Reformation

Reformation is a Los Angeles-based fashion company that designs and sells women's clothing and accessories. Its offerings include dresses, tops, denim, outerwear, footwear, handbags and bridal styles, sold through its website and retail stores. Founded in 2009 by Yael Aflalo, the company built its brand around combining contemporary fashion with efforts to reduce the environmental impact of its products and operations. Reformation serves customers in the United States and internationally through its online business and stores.

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