Reformation (NYSE:REF) Hits New 12-Month High – Still a Buy?

Shares of Reformation Inc. (NYSE:REF) hit a new 52-week high on Wednesday. The stock traded as high as $17.70 and last traded at $17.65, with a volume of 12,776 shares. The stock had previously closed at $16.99.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on REF. Morgan Stanley started coverage on Reformation in a research note on Monday, August 24th. They issued an “equal weight” rating and a $16.00 price target for the company. Guggenheim restated a “buy” rating and set a $20.00 price objective on shares of Reformation in a research note on Friday, September 11th. Citigroup initiated coverage on Reformation in a report on Monday, August 24th. They set a “buy” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. started coverage on Reformation in a research report on Monday, August 24th. They issued an “overweight” rating and a $21.00 target price for the company. Finally, BTIG Research reiterated a “buy” rating on shares of Reformation in a research report on Friday, September 11th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Reformation has a consensus rating of “Moderate Buy” and an average price target of $19.25.

Reformation Trading Up 5.7%

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 firm has a market cap of $1.06 billion and a PE ratio of -1,796.00. The business’s 50-day moving average is $14.14.

Reformation (NYSE:REF) last released its quarterly earnings results on Thursday, September 10th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $155.23 million for the quarter, compared to the consensus estimate of $154.61 million. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. Equities research analysts predict that Reformation Inc. will post 0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Reformation news, Director Yael Aflalo sold 60,298 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $13.95, for a total transaction of $841,157.10. Following the sale, the director owned 11,665,505 shares in the company, valued at approximately $162,733,794.75. The trade was a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Scsp Refo sold 149,596 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 transaction of $2,086,864.20. Following the completion of the sale, the insider owned 28,942,153 shares of the company’s stock, valued at approximately $403,743,034.35. This trade represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information.

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.