03:25 PM EDT, 03/24/2025 (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 maintain our 12-month price target of $19 is based on 15.2x our FY 26 (Mar.) EPS estimate and in line with the company's three-year average forward P/E multiple of 15.6x. We maintain our FY 25 and FY 26 EPS estimates of $0.79 and $1.25, respectively. After a 40% drop in a matter of weeks, we believe shares trade near fair value and raise our opinion based on valuation. Shares now trade at levels last seen in 2010, which we see as a valuation reset. We believe the Vans brand will return to growth in FY 26, while The North Face should remain stable. We also note the improvement to the company's balance sheet as VFC pays down debt ($1.9B over the past 12 months) and inventory improvement (-14% over the same period). We move to neutral, but see continued headwinds over the next 12 months as the U.S. consumer shows signs of cracking.