Guggenheim Reaffirms “Buy” Rating for Reformation (NYSE:REF)

Reformation (NYSE:REF)‘s stock had its “buy” rating restated by research analysts at Guggenheim in a report issued on Friday, Benzinga reports. They presently have a $20.00 price objective on the stock. Guggenheim’s target price points to a potential upside of 48.26% from the stock’s current price.

Several other equities research analysts have also issued reports on REF. Royal Bank Of Canada began coverage on Reformation in a research note on Monday, August 24th. They set an “outperform” rating and a $18.00 price objective for the company. Robert W. Baird began coverage on Reformation in a report on Monday, August 24th. They issued an “outperform” rating and a $19.00 price target on the stock. Wall Street Zen upgraded Reformation to a “hold” rating in a research report on Saturday, August 8th. Zacks Research upgraded shares of Reformation to a “hold” rating in a research report on Tuesday, August 25th. Finally, Telsey Advisory Group assumed coverage on shares of Reformation in a research note on Monday, August 24th. They issued an “outperform” rating and a $20.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Reformation has an average rating of “Moderate Buy” and an average price target of $19.25.

Reformation Trading Up 2.6%

NYSE REF opened at $13.49 on Friday. Reformation has a 1 year low of $12.83 and a 1 year high of $17.26.

Reformation (NYSE:REF) last released its quarterly earnings results on Thursday, September 10th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $155.23 million for the quarter, compared to analysts’ expectations of $154.61 million. The business’s quarterly revenue was up 24.1% on a year-over-year basis. Analysts predict that Reformation will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Reformation

In other news, Director Yael Aflalo sold 60,298 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total transaction of $841,157.10. Following the completion of the sale, the director directly owned 11,665,505 shares in the company, valued at approximately $162,733,794.75. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Scsp Refo sold 149,596 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $13.95, for a total value 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. Insiders have sold a total of 4,401,122 shares of company stock valued at $61,395,652 in the last three months.

About Reformation

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