Reformation (NYSE:REF) Now Covered by JPMorgan Chase & Co.

Key Points

• JPMorgan initiated coverage of Reformation with an “overweight” rating and a $21 price target, implying approximately 44.8% upside from the stock’s $14.50 opening price.
• Analyst sentiment is broadly positive: eight analysts rate Reformation a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average target price of $19.25.
• Major shareholder Scsp Refo and director Yael Aflalo each sold approximately 9.31% of their respective Reformation holdings in recent transactions, at an average price of $13.95 per share.

Stock analysts at JPMorgan Chase & Co. initiated coverage on shares of Reformation (NYSE:REF - Get Free Report) in a research report issued on Monday. The brokerage set an "overweight" rating and a $21.00 price target on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 44.83% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Guggenheim began coverage on shares of Reformation in a report on Monday. They issued a "buy" rating and a $20.00 target price for the company. Citigroup initiated coverage on Reformation in a report on Monday. They set a "buy" rating and a $20.00 price target on the stock. Robert W. Baird initiated coverage on Reformation in a research report on Monday. They issued an "outperform" rating and a $19.00 price target on the stock. Royal Bank Of Canada started coverage on Reformation in a research note on Monday. They set an "outperform" rating and a $18.00 price objective for the company. Finally, BTIG Research began coverage on Reformation in a research report on Monday. They set a "buy" rating and a $20.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Reformation currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.25.

Reformation Stock Up 0.1%

REF opened at $14.50 on Monday. Reformation has a one year low of $14.29 and a one year high of $17.26.

Insider Transactions at Reformation

In other Reformation 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 stock was sold at an average price of $13.95, for a total transaction of $41,671,426.05. Following the transaction, the insider owned 29,091,749 shares in the company, valued at approximately $405,829,898.55. The trade was a 9.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Yael Aflalo sold 1,204,029 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $13.95, for a total value of $16,796,204.55. Following the transaction, the director directly owned 11,725,803 shares of the company's stock, valued at approximately $163,574,951.85. This trade represents a 9.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

About Reformation

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

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