Royal Bank Of Canada Reiterates "Outperform" Rating for Reformation (NYSE:REF)

Key Points

• Royal Bank of Canada reaffirmed its “Outperform” rating on Reformation with an $18 price target, implying approximately 33.9% upside from the stock’s $13.44 price. Analysts overall maintain a “Moderate Buy” consensus with a $19.25 average target.
• Reformation’s latest quarterly results exceeded expectations, with earnings of $0.23 per share versus $0.20 forecast and revenue of $155.23 million, up 24.1% year over year.
• Insiders have been selling shares: company insiders sold 4.4 million shares worth approximately $61.4 million over the past quarter, including sizable sales by major shareholder Scsp Refo and director Yael Aflalo.

Reformation (NYSE:REF - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Royal Bank Of Canada in a research note issued to investors on Friday, Benzinga reports. They currently have a $18.00 target price on the stock. Royal Bank Of Canada's price target points to a potential upside of 33.93% from the stock's current price.

Several other equities research analysts have also commented on the stock. Morgan Stanley began coverage on shares of Reformation in a research report on Monday, August 24th. They set an "equal weight" rating and a $16.00 target price on the stock. Guggenheim reiterated a "buy" rating and issued a $20.00 price target on shares of Reformation in a report on Friday. Wall Street Zen upgraded shares of Reformation to a "hold" rating in a research note on Saturday, August 8th. Robert W. Baird initiated coverage on shares of Reformation in a research report on Monday, August 24th. They set an "outperform" rating and a $19.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Reformation in a report on Monday, August 24th. They issued an "overweight" rating and a $21.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Reformation currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.25.

Reformation Stock Performance

REF opened at $13.44 on Friday. Reformation has a 12 month low of $12.83 and a 12 month high of $17.26.

Reformation (NYSE:REF - Get Free Report) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. The business had revenue of $155.23 million for the quarter, compared to analyst estimates of $154.61 million. The firm's revenue was up 24.1% compared to the same quarter last year. As a group, analysts predict that Reformation will post 0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 ownership of the stock. 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 Reformation stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $13.95, for a total value of $841,157.10. Following the transaction, the director directly owned 11,665,505 shares of the company's stock, valued at $162,733,794.75. This trade represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 4,401,122 shares of company stock worth $61,395,652.

More Reformation News

Here are the key news stories impacting Reformation this week:

• Positive Sentiment: Guggenheim reaffirmed its “Buy” rating and set a $20.00 price target, implying substantial upside from the stock’s recent level. Guggenheim price target report
• Positive Sentiment: Q2 earnings exceeded expectations: Reformation reported adjusted earnings of $0.23 per share versus the $0.20 consensus estimate, while revenue of $155.23 million slightly topped forecasts of $154.61 million. Revenue increased 24.1% year over year. Reformation Q2 earnings report
• Positive Sentiment: Profitability improved sharply: Net income rose 79.4%, and adjusted EBITDA margin expanded by 320 basis points to 16.4%, supporting the investment case for continued operating leverage. Reformation second-quarter results
• Positive Sentiment: Fiscal 2026 revenue guidance was raised or maintained above expectations at $602 million to $606 million, compared with the $601.3 million analyst consensus. Management’s upbeat outlook and double-digit growth were highlighted during the earnings call. Reformation outlook report
• Neutral Sentiment: Short interest increased significantly to 2.20 million shares as of August 31, up 150.2% from mid-August and equal to about 3.7% of shares outstanding. The elevated short positioning may increase volatility and create short-squeeze potential, but it also signals greater bearish positioning.

About Reformation

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

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