Reformation (NYSE:REF) Stock Jumps 6.1% - Here's What Happened

Shares of Reformation Inc. (NYSE:REF - Get Free Report) rose 6.1% during trading on Tuesday. The stock traded as high as $17.11 and last traded at $16.87. Approximately 788,665 shares were traded during trading, an increase of 101% from the average daily volume of 391,807 shares. The stock had previously closed at $15.90.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings started coverage on shares of Reformation in a research report on Monday, October 26th. They issued a "sell (e)" rating on the stock. 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 price target for the company. Telsey Advisory Group began coverage on shares of Reformation in a research report on Monday, August 24th. They set an "outperform" rating and a $20.00 price target for the company. William Blair started coverage on Reformation in a research note on Monday, August 24th. They set an "outperform" rating on the stock. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $18.00 price objective on shares of Reformation in a report on Friday, September 11th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $19.25.

Reformation Stock Up 6.1%

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 1.58. The stock's 50-day moving average is $14.14. The company has a market cap of $996.68 million and a PE ratio of -1,687.00.

Reformation (NYSE:REF - Get Free Report) last released its quarterly earnings data 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 company had revenue of $155.23 million for the quarter, compared to analysts' expectations of $154.61 million. Reformation's revenue was up 24.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Reformation Inc. will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Reformation news, Director Yael Aflalo sold 60,298 shares of the firm'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 $841,157.10. Following the sale, the director 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $2,086,864.20. Following the completion of the sale, the insider directly owned 28,942,153 shares in the company, valued at approximately $403,743,034.35. This trade represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing.

Reformation Company Profile

Reformation is a fashion company that designs and sells women's clothing, footwear, accessories and related products. Its assortment includes dresses, tops, denim, knitwear, outerwear, shoes, handbags and wedding apparel, with products offered through its direct-to-consumer website and retail stores.

Founded in 2009 by Yael Aflalo, Reformation built its brand around combining contemporary style with sustainability-focused production practices. The company has emphasized the use of lower-impact materials, reuse of vintage garments and deadstock fabrics, and efforts to reduce the environmental impact of its operations and supply chain.

Reformation serves customers in the United States and internationally through its online platform and a network of retail locations.

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