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By
Reuters
Published
Aug 29, 2011
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Jones Group shares a bargain

By
Reuters
Published
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.

Jones Group Inc
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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