Jones Apparel Group
Toronto symbol JNY, designs clothing, accessories and footwear under several brands, including Jones New York, Gloria Vanderbilt and Nine West.
THE JONES GROUP INC. $15 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 87.1 million; Market cap: $1.3 billion; Price-to-sales ratio: 0.5; Dividend yield: 1.3%; WSSF Rating: Average) is the new name of Jones Apparel Group. The company designs clothing, accessories and footwear.
Jones sells most of its products through department stores. It also sells goods through …read more »
Clothing sales are rising as the economy continues to recover. However, fashion trends are fickle, and consumers are often quick to switch brands.
The six clothing designers and sellers we analyze below own some of the top brand names in the industry. That will help them keep increasing their sales. As well, all six cut costs during the recession. That will …read more »
JONES APPAREL GROUP INC. $4.17 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 83.4 million; Market cap: $347.8 million; Price-to-sales ratio: 0.1; WSSF Rating: Average) designs clothing, accessories and footwear for men and women. Major brands include Jones New York, Gloria Vanderbilt and Nine West. Department stores account for the bulk of Jones’s sales. The company also …read more »
Slowing retail sales and weak consumer confidence have hurt most consumer stocks. Clothing is largely a discretionary purchase, so the downturn has been particularly hard on these three apparel-related companies. Based on the steep drop in their stock prices, it appears that investors feel they will not survive.
We have a more optimistic view. All three are lowering their operating costs …read more »
JONES APPAREL GROUP INC. $19 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 83.4 million; Market cap: $1.6 billion; WSSF Rating: Average) designs clothing, accessories and footwear under several brands, including Jones New York, Gloria Vanderbilt and Nine West.
The company is starting to see some of the benefits of its restructuring plan, which included phasing out some …read more »
The slowing economy has hurt sales of new clothing. This has in turn hurt earnings at these three apparel- focused companies.
However, all three are aggressively cutting their costs, which will help them stay profitable during this slump. Lower costs will also help them quickly expand earnings as the economy rebounds. We still see all of them as buys for long-term …read more »
JONES APPAREL GROUP INC. $16 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 85.3 million; Market cap: $1.4 billion; WSSF Rating: Average) designs clothing, accessories and footwear under several brands, including Jones New York, Gloria Vanderbilt and Nine West.
In September 2007, Jones sold its Barneys New York upscale clothing chain for $858.7 million. The company used the …read more »
These three apparel makers have moved down lately, as warmer-than-usual fall weather hurt sales of winter clothing. Cautious consumer spending in the face of rising gas prices and a slowing housing market have also hurt sales. However, all three are doing a good job selling less-profitable businesses and cutting costs. These moves will enhance their long-term profitability. All three are …read more »
JONES APPAREL GROUP INC. $28 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 108.9 million; Market cap: $3.1 billion; WSSF Rating: Average) has agreed to sell Barneys New York, its upscale clothing chain, for $770 million after taxes. To put that in context, Jones earned $251.8 million or $2.28 a share in 2006, excluding unusual items.
Barneys was …read more »
JONES APPAREL GROUP INC. $30 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 108.9 million; Market cap: $3.3 billion; WSSF Rating: Average) designs clothing, accessories and footwear under several brands, including Jones New York, Gloria Vanderbilt and Nine West.
Jones is also suffering from the Federated merger and the growth of private label clothing in most big department …read more »
