12:15 PM EDT, 05/21/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month price target by $11 to $141, based on 27.1x our FY 27 EPS estimate and above the company's three-year average forward P/E multiple of 26.6x, reflecting our view the company is well positioned to win dollars in a soft macroeconomic backdrop for low- and middle-income consumers. We raise our FY 27 and FY 28 EPS estimates by $0.15 to $5.20 and $0.10 to $5.35, respectively. We continue to believe the company is deserving of an above-peer multiple due to management's consistent execution, the company's position in off-price, and growth profile compared to other retailers. The company posted strong FQ1 results and raised its full-year guidance as well as its buyback expectations. Our opinion is based on the elevated valuation at 31x consensus EPS estimates for FY 27, which is above the company's guidance, as well as elevated oil prices that could pressure margins over the course of the year. We remain negative on the stretched valuation and elevated earnings expectations.