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

Tickers in this article: AKS CWTR DMND GMCR SVU X

NEW YORK (TheStreet) -- The following stocks sank to 52-week lows on Monday: Diamond Foods , AK Steel , Coldwater Creek , SuperValu , U.S. Steel and Green Mountain Coffee Roasters .

Diamond Foods

The food products company said Monday it can't meet the deadline for restating its earnings and may be delisted from Nasdaq.

Shares of Diamond Foods hit a 52-week low on Monday of $18.55. The stock's 52-week high of $96.13 was set on Sept. 21.

"Even though we would probably be buyers of DMND once the restatements are published we prefer not to get involved until the company has actually filed its updated financials (and 1Q12 and 2Q12 results)," Jefferies analysts wrote in a June 7 report. "Currently, the company is facing a June 11 (Monday) regulatory target date but should DMND miss this deadline we expect more pressure on the stock and we therefore prefer to stay on the sidelines."

Diamond Foods trades at an estimated price-to-earnings ratio for next year of 7.7.2 times; the average among its peers is 18.51. For comaparison, Ralcorp has a higher forward P/E of 14.78.

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

The stock has fallen 42.61% year to date.

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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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SuperValu

"Yesterday, Supervalu announced plans to eliminate an estimated 2,200 - 2,500 store-level positions at its Albertsons stores in Southern California and Nevada," Deutsche Bank analysts wrote in a June 7 report. "The cuts, which will be announced over the week of June 17 through around July 1, will impact all 247 stores in the division. The company hopes the move will simplify the organization and reduce expenses, which SVU can then 'reinvest in more customer facing initiatives.' The decision to make the cuts follows SVU's success in finding ways to delayer/cut costs by making reductions at the Fullerton store support center. SVU notes that the division has seen a reduction in traffic and sales, while it has not made the necessary adjustments to its store-level operations."

Shares of SuperValu hit a 52-week low on Monday of $4.11. The stock's 52-week high of $9.71 was set on July 7.

SuperValu's forward P/E is 17.2; the average among its peers is 19.25. For comparison, Safeway has a lower forward P/E of 9.02.

Eleven of the 19 analysts who cover SuperValu rated it hold. Five analysts gave the stock a sell rating and three rated it buy.

The stock has fallen 49.51% year to date.


U.S. Steel

"Lower steel prices are the primary driver of our lower estimates for US Steel," Goldman Sachs analysts wrote in a report on Sunday. "While there will be some incremental benefit from the new Carbonyx facility and coke batteries as well as increased demand from auto/energy sectors, the high cost structure means that US Steel's earnings continue to be highly leveraged to the steel prices."

Shares of U.S. Steel hit a 52-week low on Monday of $18.11. The stock's 52-week high of $47.33 was set on July 5.

U.S. Steel's forward P/E is 13.1; the average among its peers is 15. For comparison, Nucor has a higher forward P/E of 15.25.

Twelve of the 23 analysts who cover U.S. Steel rated it hold. Eight analysts gave the stock a buy rating and three rated it sell.

The stock has fallen 31.59% year to date.

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Green Mountain Coffee Roasters

Coffee rival Kroger is creating single coffee cup servings that can be used in Green Mountain Coffee Roasters' Keurig brewers, according to Reuters.

"Green Mountain Coffee Roasters Inc. presented at the 32nd Annual Piper Jaffray Consumer Conference today to a packed room," Piper Jaffray analysts wrote in a June 6 report. "Presentation highlights included the opportunity to discuss industry dynamics with the arguable pioneers of the high growth single serve beverage segment. We maintain that current quarter expectations are achievable and believe that the company has created brand equity in bringing the most prominent brands to its ecosystem of single-serve platforms. We recognize investor concern around the inherent dynamics of potential mix shift within its portfolio, management succession planning, and added competition from branded machines entering the space. That said, we see deflating coffee costs, new user adoption of the Vue platform, and opportunities in espresso as upside to estimates. We reiterate our Neutral rating and $40 price target."

Shares of Green Mountain Coffee hit a 52-week low on Monday of $21.06. The stock's 52-week high of $115.98 was set on Sept. 20.

Green Mountain Coffee's forward P/E is 11.51; the average among its peers is 21.66.

Seven of the 14 analysts who cover Green Mountain rated it buy. Six analysts gave the stock a hold rating and one rated it sell.

The stock has risen 52.29% year to date.

-- Written by Alexandra Zendrian

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Tickers in this article: AKS CWTR DMND GMCR SVU X