14 Best Blue Chip Dividend Stocks to Buy According to Hedge Funds

6. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 71

Dividend Yield as of July 5: 3.72%

NIKE, Inc. (NYSE:NKE) is engaged in the designing, marketing, and distribution of athletic footwear, apparel, equipment, and accessories and services for sports and fitness activities.

NIKE, Inc. (NYSE:NKE) reported better-than-expected results for its Q4 2026 on June 30. The company’s adjusted earnings of $0.20 per share topped estimates by $0.07, while its revenue of almost $11 billion also exceeded consensus by over $122 million, despite a modest drop of 1% YoY. Revenue in Nike’s largest market, North America, surged by 3% during the quarter, helping boost the company’s wholesale sales.

However, the earnings beat wasn’t enough to win over Wall Street, as Nike’s sales in Greater China declined by 17% on a ‌constant-currency basis ⁠in Q4, steepening from a 10% fall in the previous quarter. Greater China accounts for about 15% ​of the sportswear giant’s annual revenue, and sales in the region are expected to remain under ​pressure as it works with retail partners to clear excess inventory.

Nike’s weak outlook for FY 2027 also hurt investor sentiment. The company expects overall sales to continue declining in the first half of fiscal 2027, underscoring the uneven nature of its recovery and the slow progress of its turnaround efforts.

Click to continue reading and see the 5 Best Blue Chip Dividend Stocks to Buy According to Hedge Funds

Disclosure: None. Follow Insider Monkey on Google News.