For a rising portfolio

Learn everything you need to know in 'How to Find the Best Growth Stocks' for FREE from The Successful Investor.

Canadian Growth Stocks: CGI Group, CAE Inc., Fortis Inc. Stock and more.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: Growth Stocks

JONES GROUP INC. $12 – New York symbol JNY

JONES GROUP INC. $12(New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 80.0 million; Market cap: $960.0 million; Price-to-sales ratio: 0.3; Dividend yield: 1.7%; TSINetwork Rating: Average; www.jonesgroupinc.com) earned $42.9 million in the three months ended September 29, 2012. That’s up 10.0% from $39.0 million a year earlier. Earnings per share rose 18.8%, to $0.57 from $0.48, on fewer shares outstanding. That’s mainly because the company is doing a good job of cutting costs and controlling its inventories.

Sales fell 0.7%, to $1.03 billion from $1.04 billion. Jones gets half of its sales from department stores, which are seeing strong demand for the company’s shoes and jeans. However, sales at Jones’s own stores, which mainly focus on upscale brands, fell sharply as cost-conscious consumers shifted to discount retailers.

Jones Group is a hold.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.