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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