By
Reuters
Reuters
Published
Aug 29, 2011
Aug 29, 2011
Jones Group shares a bargain
By
Reuters
Reuters
Published
Aug 29, 2011
Aug 29, 2011
August 29 - Jones Group Inc shares are undervalued, considering the clothing and shoe company's
portfolio of brands and improving business, Barron's wrote in its Aug. 29 issue.
![]() The Jones Group Inc., the leading designer and marketer of brands like Nine West, Easy Spirit, Jones New York, Evan-Picone or Norton McNaughton. |
Jones, whose brands include Anne Klein, Nine West and Stuart Weitzman, recently reported better-than-expected earnings, and its retail business is improving, Barron's said.
Jones shares closed on the New York Stock Exchange at $10.55 on Friday, having fallen nearly by half from a 52-week high in October.
A fund manager at Dreman Small Cap Value Fund told Barron's that Jones shares were worth $18, while a Lazard Capital Markets analyst praised Jones' better-than-expected gross
margin in its most recent quarter.
(Reporting by Phil Wahba; Editing by Dale Hudson)
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