Investing

The Worst Performing Stocks of 2014 in the S&P 500

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

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