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Stocks Slumping to 52-Week Lows: Diamond Foods, SuperValu

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AK Steel

Shares of the steel company fell after Goldman Sachs downgraded it to sell from neutral on Sunday.

"We downgrade AKS to Sell with a new $5 six-month price target (implying 17% downside)," Goldman Sachs analysts wrote in a report on Sunday. "We expect continuing weak flat steel prices, a highly leveraged balance sheet, high pension funding requirements, high capex to fund its raw material strategy, and no sign of a turnaround in its lucrative electrical steel end market to continue to weigh on the stock. With the stock's recent underperformance, we see CMC as fully valued and upgrade our rating to Neutral from Sell and raise our six-month price target to $14.00 from $12.50."

Shares of AK Steel hit a 52-week low on Monday of $5.07. The stock's 52-week high of $16.75 was set on July 7.

Ten of the 20 analysts who cover AK Steel rated it hold. Six analysts gave the stock a buy rating and four rated it sell.

The stock has fallen 39.16% year to date.

Coldwater Creek

"We are reiterating our Neutral rating and adjusting our price target from $1.50 to $1.25 on CWTR shares following Coldwater Creek's FQ1 earnings report," Piper Jaffray analysts wrote in a May 30 report. "Although traffic trends remain challenging and the adult women's apparel market continues to be promotional, we are encouraged to see an 8% increase in average ticket and a 1% increase in conversion rate. Continued progress in inventory management should help to preserve cash flow, as FQ1 inventory was down 19% y/y and management expects FQ2 inventory down in the mid-to-high teens. Traffic remains the primary headwind facing CWTR, however the launch of a new loyalty program in February could help to bring more traffic through the door during the critical fall selling season."

Shares of Coldwater Creek hit a 52-week low of 63 cents on Monday. The stock's 52-week high of $1.83 was set on Sept. 14.

Three of the four analysts rated it hold; one analyst gave the stock a sell rating.

The stock has fallen 45.75% year to date.

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CWTR $0.02 0.87%
DMND $37.56 0.97%
GMCR $91.67 -0.30%
SVU $5.63 2.40%
X $18.36 -0.86%


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