With the stock market nearing a 10% correction, 24/7 Wall St. is looking for cases of stocks that are down and out — perhaps which are down and out too much once the selling dust settles. We reviewed the worst performing S&P 500 stocks and eliminated those with structural changes taking place. It turns out that drop in oil has been a death-blow for offshore drillers. Also hurting are the leader in organic groceries, a top accessories retailer, a toy company and a female consumer products company that is synonymous with bruised stocks now.
Included are the most recent share price, a consensus analyst target from Thomson Reuters for relative value and a 52-week trading range. Color has also been added on each, if applicable.
These are the worst performing stocks of the S&P 500 so far in 2014.
Noble Corp. (NYSE: NE) shares hit a 52-week low on Monday of $18.50 and closed at $18.62, with shares down about 41% so far in 2014. Its 52-week range is $18.50 to $35.54, and analysts have a consensus price target of $28.49. Amazingly, its dividend is now accidentally high at almost 8%, and it trades at just over six times expected 2014 earnings — but estimates are lower in 2015.
Transocean Ltd. (NYSE: RIG) shares hit a 52-week low last week at $28.29, and its shares are down about 38% so far in 2014. The stock closed at $28.92 on Monday, in a 52-week range of $28.29 to $55.75. Analysts have only a $34.20 price target, and the stock has sold off so much that its yield now screens out at 10%. Transocean also trades at just over six times expected 2014 earnings, with earnings expected to decline in 2015.
ALSO READ: Have Solar Stocks Been Sold Off Too Much?
Coach Inc. (NYSE: COH) shares closed at $34.11 on Monday, against a 52-week range of $33.39 to $57.95. Its 52-week low was all the way back in July, but Coach is down almost 38% so far in 2014. Analysts have a price target of only about $37.10, so sentiment is bad here regardless of a 4% dividend yield.
Whole Foods Market Inc. (NASDAQ: WFM) has not gotten off on the right foot at all for 2014 as the organic and natural foods leader, with its shares down a sharp 36% in 2014. After closing at $36.72 on Monday, up a whole two cents by the way, its 52-week range is $36.08 to $65.59 and its consensus price target is almost $43. Whole Foods still doesn’t exactly have a whole dividend with a mere 1.3% yield.
Mattel Inc. (NASDAQ: MAT) closed at $30.20 on Monday, against a 52-week range of $29.96 to $47.94, and its shares are down 34.5% so far in 2014. The consensus analyst price target is $36.63, and its dividend yield has amazingly reached 4.9%.
Avon Products Inc. (NYSE: AVP) might have had a bad year without a market correction, but its shares were up 1.5% at $11.41 on Monday after a down market day. They are down about 33% in 2014, and the 52-week trading range is $11.01 to $22.86. Keep in mind that Avon was a $30+ stock five years ago, and it is close to a low not seen since before 2000.
Two other drillers were hit hard but we only covered the two worst performers to keep this from looking like an all-energy drop box of loser stocks for 2014. Rowan Companies PLC (NYSE: RDC) was down 37% and Diamond Offshore Drilling Inc. (NYSE: DO) was down almost 34% year-to-date.
Here is an analysis of what that 10% stock market correction (with charts) would look like — the S&P 500 was down about 7% on Monday!
ALSO READ: The 10 Safest High-Yield Dividends
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.