12:10 PM EDT, 08/11/2025 (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 $31 to $250, based on 18.2x our FY 26 (Mar.) EPS estimate and above the company's three- and five-year average forward P/E multiples, reflecting our view of improved fundamentals and growth. We raise our FY 26 and FY 27 EPS estimates by $1.25 to $13.75 and $1.00 to $14.00 respectively. RLposted normalized FQ1 (Mar.) EPS of $3.77 vs. $2.70, $0.27 above consensus estimates on revenues of $1.72B vs. $1.51B and $63M above estimates.By segment in FQ1, North America revenues increased 8% to $656M, Europe revenue increased 16% to $555M, and Asia sales increased 21% to $474M. FQ1 adjusted gross margin expanded 180 bps Y/Y to 72.3% due to AUR (average unit retail) growth, favorable channel and geographic mix, and lower cotton costs.We raise our opinion due to undeniable fundamental improvements and valuation near what we believe to be fair.Shares now trade under 19x consensus estimates for the next 12 months and in line with what we see as a fair multiple compared to peers.