Key Points
- Major shareholder Scsp Refo sold 149,596 Reformation shares at an average price of $13.95, generating approximately $2.09 million. The sale reduced its stake by 0.51%, leaving it with 28.94 million shares valued at about $403.7 million.
- Scsp Refo previously sold nearly 3.0 million Reformation shares on July 31 for approximately $41.7 million, according to SEC disclosures.
- Analysts remain broadly positive: eight rate Reformation a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $19.25, versus a recent price of $13.76.
Reformation Inc. (NYSE:REF - Get Free Report) Director Yael Aflalo sold 60,298 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $13.95, for a total value of $841,157.10. Following the sale, the director owned 11,665,505 shares in the company, valued at approximately $162,733,794.75. The trade was a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Yael Aflalo also recently made the following trade(s):
- On Wednesday, July 29th, Yael Aflalo sold 1,204,029 shares of Reformation stock. The shares were sold at an average price of $13.95, for a total value of $16,796,204.55.
Reformation Stock Performance
Shares of NYSE:REF opened at $13.76 on Friday. Reformation Inc. has a 52-week low of $12.83 and a 52-week high of $17.26.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on REF shares. Wall Street Zen upgraded shares of Reformation to a "hold" rating in a report on Saturday, August 8th. Royal Bank Of Canada assumed coverage on shares of Reformation in a report on Monday, August 24th. They issued an "outperform" rating and a $18.00 price objective on the stock. BTIG Research started coverage on shares of Reformation in a report on Monday, August 24th. They issued a "buy" rating and a $20.00 price objective on the stock. Zacks Research upgraded shares of Reformation to a "hold" rating in a research note on Tuesday, August 25th. Finally, Guggenheim began coverage on shares of Reformation in a report on Monday, August 24th. They set a "buy" rating and a $20.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.25.
Check Out Our Latest Stock Analysis on Reformation
About Reformation
(
Get Free Report)
Reformation Inc provide sustainable womenswear brand. Reformation Inc is based in LOS ANGELES.
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