Telsey Advisory Group Initiates Coverage on Reformation (NYSE:REF)

Equities researchers at Telsey Advisory Group started coverage on shares of Reformation (NYSE:REF) in a research note issued to investors on Monday. The brokerage set an “outperform” rating and a $20.00 price target on the stock. Telsey Advisory Group’s target price suggests a potential upside of 37.93% from the company’s previous close.

Several other equities research analysts also recently commented on REF. BTIG Research started coverage on shares of Reformation in a research note on Monday. They set a “buy” rating and a $20.00 price objective for the company. Morgan Stanley started coverage on Reformation in a report on Monday. They set an “equal weight” rating and a $16.00 target price for the company. William Blair began coverage on Reformation in a research report on Monday. They issued an “outperform” rating on the stock. Wall Street Zen upgraded shares of Reformation to a “hold” rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada began coverage on shares of Reformation in a research report on Monday. They set an “outperform” rating and a $18.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.60.

Reformation Trading Up 0.1%

Shares of REF opened at $14.50 on Monday. Reformation has a twelve month low of $14.29 and a twelve month high of $17.26.

Insider Activity at Reformation

In other news, Director Yael Aflalo sold 1,204,029 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $13.95, for a total transaction of $16,796,204.55. Following the sale, the director owned 11,725,803 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. 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 transaction, the insider directly owned 29,091,749 shares of the company’s stock, valued at approximately $405,829,898.55. This trade represents a 9.31% decrease in their ownership of the stock. 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.