Reformation Inc. (NYSE:REF) Receives $18.60 Average PT from Analysts

Shares of Reformation Inc. (NYSE:REF) have received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $19.25.

A number of equities research analysts have weighed in on the company. BTIG Research began coverage on Reformation in a report on Monday, August 24th. They issued a “buy” rating and a $20.00 price objective on the stock. Telsey Advisory Group started 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. Zacks Research raised Reformation to a “hold” rating in a report on Tuesday, August 25th. Wall Street Zen upgraded Reformation to a “hold” rating in a research note on Saturday, August 8th. Finally, William Blair initiated coverage on Reformation in a report on Monday, August 24th. They set an “outperform” rating on the stock.

Reformation Price Performance

Shares of Reformation stock opened at $14.99 on Monday. Reformation has a 52-week low of $12.83 and a 52-week high of $17.26.

Key Stories Impacting Reformation

Here are the key news stories impacting Reformation this week:

• Positive Sentiment: Reformation is reportedly preparing to open a high-tech store at Toronto’s Eaton Centre, expanding its physical retail presence and potentially increasing brand visibility and sales in Canada. Internet-famous fashion brand opening high-tech new store in Toronto mall

Insider Buying and Selling at Reformation

In other news, Director Yael Aflalo sold 1,204,029 shares of the stock in a transaction dated 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 transaction, the director owned 11,725,803 shares in the company, valued at $163,574,951.85. This trade represents a 9.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Scsp Refo sold 2,987,199 shares of Reformation 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 of the company’s stock, valued at approximately $405,829,898.55. The trade was 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.