Reformation (NYSE:REF) Shares Up 4.6% - What's Next?

Key Points

• Reformation shares rose 4.6% to $14.29 in Monday trading, though volume was 77% below the average session level.
• Analysts maintain a generally positive outlook, with eight Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $19.25.
• The company recently beat quarterly earnings and revenue expectations, but insiders sold 4.4 million shares worth $61.4 million over the past 90 days.

Reformation Inc. (NYSE:REF - Get Free Report)'s stock price was up 4.6% during trading on Monday. The company traded as high as $14.33 and last traded at $14.29. 117,623 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 517,236 shares. The stock had previously closed at $13.66.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on REF shares. Wall Street Zen raised Reformation to a "hold" rating in a research note on Saturday, October 3rd. Guggenheim reaffirmed a "buy" rating and set a $20.00 price target on shares of Reformation in a research note on Friday, September 11th. William Blair started coverage on Reformation in a report on Monday, August 24th. They issued an "outperform" rating on the stock. Morgan Stanley started coverage on Reformation in a research report on Monday, August 24th. They set an "equal weight" rating and a $16.00 price target on the stock. Finally, Telsey Advisory Group assumed coverage on Reformation in a research note on Monday, August 24th. They set an "outperform" rating and a $20.00 target price for the company. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Reformation currently has an average rating of "Moderate Buy" and an average target price of $19.25.

Reformation Price Performance

The company has a market capitalization of $842.48 million and a PE ratio of 62.00. The business has a 50-day simple moving average of $14.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.58 and a quick ratio of 0.96.

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

Insider Activity at Reformation

In other news, 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 transaction of $41,671,426.05. Following the sale, the insider owned 29,091,749 shares in the company, valued at $405,829,898.55. The trade was a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yael Aflalo sold 1,204,029 shares of the stock in a transaction on Wednesday, July 29th. The shares were 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 $163,574,951.85. The trade was a 9.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,401,122 shares of company stock worth $61,395,652 in the last ninety days.

Reformation Company Profile

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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