12:20 PM EDT, 08/14/2025 (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 $3 to $96, based on 17.5x our FY 26 (Jun.) EPS estimate and well above the company's three-year average forward P/E multiple of 10.9x, reflecting our view of improved fundamentals and outperformance of peers. We lower our FY 26 EPS estimate by $0.50 to $5.50 and initiate our FY 27 EPS estimate at $6.00. TPR posted normalized FQ4 EPS of $1.04 vs. $0.92, $0.02 above consensus estimates on revenues of $1.72B vs. $1.59B and $44M above estimates. TPR guided for revenues approaching $7.2B and EPS between $5.30 and $5.45 for FY 26. Shares fell on the news as the company's multiple and expectations were stretched. TPR has seen its multiple expand from under 10x in its next 12-month EPS estimates to over 20x, while expectations for FY 26 EPS were above $6 a share and well above the guidance. We believe Tapestry is outperforming peers; however, the multiple has doubled in less than a year and we believe investors have priced in the continued outperformance.