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Talbots shares rise on Sycamore stake

Shares of clothing maker Talbots Inc. rose today after an investment group disclosed it had acquired a 9.9 percent stake in the company.

Sycamore Partners LP and an investor group said in a filing with the Securities and Exchange Commission that they own nearly 7 million shares of the company. In the filing, Sycamore said the stock is “undervalued and is an attractive investment.’’

The Hingham-based clothing maker, which has been renovating stores and changing its apparel offerings in an effort to shed a stodgy image and focus on more trendy fashions that appeal to younger shoppers, has had choppy sales results. It said in June it returned to a first quarter profit but added that sales were weak in its current quarter.

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Talbots said at the time it expected “high levels’’ of markdowns throughout the second quarter to make way for new fall merchandise.

Shares rose 35 cents, or 10.1 percent, to $3.81 in midday trading. The stock has traded between $2.33 and $13.43 over the next 52 weeks.

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