02:55 PM EDT, 05/08/2025 (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 $16 to $93, based on 15.5x our FY 26 (Jun.) EPS estimate and higher than the company's three-year average forward P/E multiple of 10.1x. We raise our FY 25 EPS estimate by $0.20 to $5.00 and FY 26's by $0.50 to $6.00. TPR posted normalized Q3 FY 25 (Jun.) EPS of $1.03 vs. $0.60, $0.15 above consensus estimates on revenues of $1.59B and $57M above estimates. By brand in FQ3, Coach sales increased 13% Y/Y, Kate Spade declined 13%, and Stuart Weitzman declined 18%. Tapestry's FQ3 gross margin expanded 140 bps Y/Y to 76.1% due to operational improvements. TPR raised its full-year guidance to revenue growth of 4% and non-GAAP EPS of roughly $5.00. We can no longer ignore the free cash flow generation that is being used to buyback a significant amount of shares, which we expect to continue in the coming years. We also expect margins to improve after the sale of Stuart Weitzman, which drove the company's multiple even higher.