This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Stocks Sinking to 52-Week Lows: Vera Bradley, Splunk

Stocks in this article: FSLR AA MOS DMND VRA SPLK CAJ CY APC YELP FOSL GRPN

NEW YORK ( TheStreet) -- The following stocks slumped to 52-week lows on Monday: Vera Bradley (VRA), Diamond Foods (DMND - Get Report), Splunk (SPLK), Canon (CAJ), Cypress Semiconductor (CY), First Solar (FSLR - Get Report), Alcoa (AA - Get Report), RadioShack (RSH), Fossil (FOSL), Mosaic (MOS), Groupon (GRPN) and Yelp (YELP).

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Vera Bradley

"This downgrade is simple: sales are slowing and margins are not expanding which is not a good sign for a growth story," Jefferies analysts wrote in a report Friday. "While we are admittedly late to call this one and have been wrong thus far, we are still choosing to take the hit now as we see few catalysts to get the stock moving in the near term. Downgrading to Hold from Buy and lower PT to $25 from prior $45."

Shares of Vera Bradley hit a 52-week low on Monday of $18.91. The stock's 52-week high of $45.91 was set on Oct. 24.

Vera Bradley trades at an estimated price-to-earnings ratio for next year of 13.48 times; the average among its peers is 19.15.

Six of the 11 analysts who cover Vera Bradley rated it buy; five analysts gave the stock a hold rating.

The stock has declined 39.75% year to date.






Diamond Foods

"Diamond Foods announced it has secured a $225 million investment from Oaktree Capital to recapitalize," D.A. Davidson analysts wrote in a May 24 report. "The investment supports Diamond's long-term strategy for growth in the snack business, while enabling the company to reaffirm its leadership position in the walnut industry and further pay down debt. This, along with the final filing of the restated financials (expected in the next couple of weeks), is the last dose of medicine we expect the company to take before resuming its reputation as a high-growth snack foods company."

Shares of Diamond Foods hit a 52-week low Monday of $18.83. The stock's 52-week high of $96.13 was set on Sept. 21.

Diamond Foods' forward P/E of 7.72; the average for its peers is 18.05. For comparison, Ralcorp (RAH) has a higher forward P/E of 14.21.

Ten of the 12 analysts who cover Diamond rated it hold; two analysts gave the stock a buy rating.

The stock has fallen 40.35% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs