Reformation (NYSE:REF) Announces Earnings Results

Reformation (NYSE:REF) announced its quarterly earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03, Zacks reports.

Reformation Price Performance

REF stock traded down $0.47 during trading on Thursday, hitting $13.18. 513,707 shares of the stock traded hands, compared to its average volume of 428,214. Reformation has a one year low of $12.83 and a one year high of $17.26.

Insider Activity

In other news, Director Yael Aflalo sold 60,298 shares of the firm’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 $841,157.10. Following the completion of the sale, the director owned 11,665,505 shares of the company’s stock, valued at approximately $162,733,794.75. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Scsp Refo sold 149,596 shares of Reformation 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 transaction, the insider owned 28,942,153 shares of the company’s stock, valued at $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. Insiders have sold 4,401,122 shares of company stock worth $61,395,652 over the last ninety days.

Wall Street Analyst Weigh In

REF has been the topic of several recent research reports. Royal Bank Of Canada started coverage on shares of Reformation in a research report on Monday, August 24th. They set an “outperform” rating and a $18.00 target price on the stock. Citigroup began coverage on shares of Reformation in a research note on Monday, August 24th. They set a “buy” 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 issued an “outperform” rating on the stock. JPMorgan Chase & Co. started coverage on Reformation in a research note on Monday, August 24th. They issued an “overweight” rating and a $21.00 price objective on the stock. Finally, Zacks Research raised Reformation to a “hold” rating in a report on Tuesday, August 25th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Reformation currently has an average rating of “Moderate Buy” and an average price target of $19.25.

Reformation Company Profile

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