Zacks Investment Research downgraded shares of JONES GROUP INC (JNY) from NEUTRAL to UNDERPERFORM on May 02, 2013, with a target price of $12.50.
The Jones Group Inc. operates as a global designer, marketer and wholesaler of lifestyle brands across five divisions: apparel, footwear, jeans wear, jewelry and handbags. The Company sells its products through a broad array of distribution channels, including better specialty and department stores and mass merchandisers, primarily in the United States and Canada. It also operates self owned network of retail and factory outlet stores and several e-commerce web sites. The Company's nationally recognized brands and licensing agreements (L) include: Nine West, Jones New York, Anne Klein, Rachel Roy (L), Robert Rodriguez, Robbi & Nikki, Stuart Weitzman, B Brian Atwood (L), Boutique 9, Easy Spirit, Gloria Vanderbilt, Bandolino, Enzo Angiolini, Nine & Co., GLO, Joan & David, Joneswear and etc. The Jones Group Inc., formerly known as Jones Apparel Group, Inc., is headquartered in New York, New York.
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