Reformation Inc. (NYSE:REF) Stock Has Average Target Price of $19.25 According to Brokerages

Key Points

• Reformation has a “Moderate Buy” consensus rating from 10 brokerages, with eight buys and two holds. The average 12-month price target is $19.25, above the stock’s reported $14.13 opening price.
• The company beat quarterly expectations, reporting adjusted EPS of $0.23 versus the $0.20 consensus estimate and revenue of $155.23 million. Revenue increased 24.1% year over year.
• Insiders sold 4.4 million shares worth approximately $61.4 million during the last quarter, including sales by director Yael Aflalo and major shareholder Scsp Refo.

Reformation Inc. (NYSE:REF - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $19.25.

Several equities analysts have recently weighed in on REF shares. Telsey Advisory Group assumed coverage on Reformation in a research report on Monday, August 24th. They set an "outperform" rating and a $20.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Reformation in a research report on Monday, August 24th. They issued an "overweight" rating and a $21.00 price target for the company. Zacks Research raised shares of Reformation to a "hold" rating in a research note on Tuesday, August 25th. Morgan Stanley began coverage on shares of Reformation in a research note on Monday, August 24th. They set an "equal weight" rating and a $16.00 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 on the stock.

Insider Transactions at Reformation

In other news, Director Yael Aflalo sold 60,298 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total value of $841,157.10. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Scsp Refo sold 149,596 shares of the company'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 sale, the insider owned 28,942,153 shares of the company's stock, valued at approximately $403,743,034.35. This represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,401,122 shares of company stock valued at $61,395,652 in the last quarter.

Reformation Stock Performance

REF stock opened at $14.13 on Tuesday. Reformation has a one year low of $11.85 and a one year high of $17.26. The stock has a fifty day moving average of $14.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.58 and a quick ratio of 0.96. The stock has a market capitalization of $834.80 million and a P/E ratio of 61.43.

Reformation (NYSE:REF - Get Free Report) last announced its quarterly earnings results on Thursday, September 10th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.03. The firm had revenue of $155.23 million for the quarter, compared to the consensus estimate of $154.61 million. Reformation's revenue was up 24.1% compared to the same quarter last year. On average, research analysts predict that Reformation will post 0.17 EPS for the current fiscal year.

About Reformation

Reformation, Inc is a fashion company that designs, manufactures and sells women's clothing, footwear, accessories and bridal apparel. Its product assortment includes dresses, tops, denim, knitwear, outerwear and occasionwear, with an emphasis on contemporary styles and limited production runs.

The company markets itself as a sustainability-focused brand and incorporates practices such as using lower-impact materials, operating energy-efficient facilities and providing information about the environmental impact of selected products.

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