Reformation (NYSE:REF) Coverage Initiated by Analysts at BTIG Research

BTIG Research started coverage on shares of Reformation (NYSE:REF) in a note issued to investors on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $20.00 price target on the stock. BTIG Research’s price objective points to a potential upside of 37.93% from the stock’s current price.

A number of other analysts have also commented on REF. Robert W. Baird started coverage on Reformation in a report on Monday. They issued an “outperform” rating and a $19.00 target price for the company. Morgan Stanley initiated coverage on Reformation in a report on Monday. They issued an “equal weight” rating and a $16.00 price objective for the company. William Blair assumed coverage on Reformation in a research report on Monday. They issued an “outperform” rating for the company. Wall Street Zen upgraded shares of Reformation to a “hold” rating in a research note on Saturday, August 8th. Finally, Royal Bank Of Canada started coverage on shares of Reformation in a research note on Monday. They set an “outperform” rating and a $18.00 target price on the stock. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.60.

Reformation Stock Performance

Shares of Reformation stock opened at $14.50 on Monday. Reformation has a 1 year low of $14.29 and a 1 year high of $17.26.

Insiders Place Their Bets

In related news, Director Yael Aflalo sold 1,204,029 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $13.95, for a total transaction of $16,796,204.55. Following the completion of the sale, the director owned 11,725,803 shares in the company, valued at approximately $163,574,951.85. This represents a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Scsp Refo sold 2,987,199 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.95, for a total value of $41,671,426.05. Following the completion of the transaction, the insider directly owned 29,091,749 shares in the company, valued at approximately $405,829,898.55. This represents a 9.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Reformation Company Profile

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