Zacks downgrades Jones Apparel Group

On Monday 24th December, Zacks downgraded shares of

Jones Apparel Group (NYSE: JNY) from an 'outperform' rating to a 'neutral' rating in a report issued to investors. They currently have 14.30 dollars target price on the stock.

Jones Apparel Group traded down 1.62 percent on Tuesday, hitting 10.93 dollars. Jones Apparel Group has a 1-year low of 8.13 dollars and a 1-year high of 13.98. The apparel group has a market cap of 813.2 million dollars and a price-to-earnings ratio of 264.52.

Jones Apparel Group last released its earnings data on Wednesday, October 24th. The company reported 0.57 dollars earnings per share (EPS) for the quarter, beating the consensus estimate of 0.32 dollars by 0.25 dollars. The company’s revenue for the quarter was down 7 percent on a year-over-year basis. Analysts expect that Jones Apparel Group will post 1.18 dollars EPS for the current fiscal year.