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


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

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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.

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