Almost four months of 2018 have come and gone, leaving the S&P 500 index about flat despite some manic swings. According to the All-in-One Screener, 271 stocks of the index have failed to eke gains year to date. The stocks registering the worst performance are: L Brands Inc., Incyte Corp., Acuity Brands Inc., The Kraft Heinz Co. and Kimco Realty Corp.
L Brands Inc.
L Brands stock declined 40.1% year to date, making it the worst performing stock of 2018. Up 0.13% Thursday, L Brands traded for $35.51 a share.
L Brands is a women’s apparel and personal care company that owns stores including Victoria’s Secret, Bath & Body Works and Henri Bendel. Over the past five years, the company has produced five-year growth rates of 5% in revenue, 7.3% in earnings per share and 5.1% in free cash flow.
The $9.92 billion market-cap company has a price-earnings ratio of 10.38, near a five-year low. Its price-sales ratio of 0.8 also trails near a five-year low.
Among investors tracked by GuruFocus, value firm Primecap Management has the largest shareholding with 6.9% of shares outstanding.
Incyte Corp.
Incyte Corp. stock plunged 33.5% year to date to a price of $62.78 at close of trading Thursday.
The company develops products that treat blood cancer, rheumatoid arthritis, leukemia and other conditions. It has a five-year revenue growth rate of 28.7%. It reported negative earnings and cash flow in 2017.
The $13.26 billion market cap company has a price-book ratio near a five-year low of 8.16. Its price-sales ratio of 8.45 is near a three-year low.
Among investors tracked by GuruFocus, Vanguard Health Care Funds has the largest stake in the company, with 4.47% of outstanding shares.
Acuity Brands Inc.
Acuity Brands stock sunk 27.8% to $125.05 a share at close Thursday.
The company creates innovative lighting systems for commercial, industrial and residential locations. For the past five-years, it has growth rates of 12.7% in revenue, 24.6% in earnings per share and 18.4% in free cash flow.
With a $5.11 billion market cap, Acuity brands has a price-earnings ratio of 15.44, price-book ratio of 3.16 and price-sales ratio of 1.52, each of which is at its respective five-year low.
Ron Baron has the largest stake in the company among investors tracked by GuruFocus, with 1.11% of shares outstanding.
The Kraft Heinz Co.
The Kraft Heinz Co. fell 26.1% this year to close at $14.15 Thursday.
Kraft Heinz is the world’s fifth-largest food and beverage company. It has an 8.5% rate of decline in revenue for the past five years. Book value grew at a rate of 66.8% over the same period.
With a market cap of $69.88 billion, Kraft Heinz has a price-earnings ratio of 6.39, price-book ratio of 1.04 and price-sales ratio of 2.65, each of which is near its respective three-year low.
Warren Buffett owns 55.4% of the company, making him by far the largest shareholder of investors GuruFocus tracks.
Kimco Realty Corp.
Kimco Realty shares fell 25.5% this year to $14.15 Thursday.
The company operates open-air shopping centers in North America and is one of the oldest real estate investment trusts in the U.S. Over the past five years, it had growth rates of 8.5% in revenue, 32.2% in earnings per share and 2.1% in book value.
With a market cap of $5.98 billion, Kimco Realty had a price-book ratio of 1.05 and price-sales ratio of 4.7, which were each near their respective five-year lows.
Pioneer Investments is the largest shareholder of investors tracked by GuruFocus, with 0.71% of shares outstanding.
