16 Best Income Stocks To Buy According to Analysts

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10. NIKE, Inc. (NYSE:NKE)

Upside Potential as of December 13: 17.13%

NIKE, Inc. (NYSE:NKE) is a multinational footwear and apparel company that offers products for men, women, and children. The company has established significant investor confidence over the years, but it has faced challenges in recent times. To overcome these obstacles, NIKE is adopting new strategies, including the appointment of a new CEO. This leadership change brings back Elliott Hill, a long-time company veteran who retired in 2020 after serving as president of global commercial and marketing operations. With his wealth of experience and proven success, the company aims to rejuvenate its strategies and chart a successful path forward.

In fiscal Q1 2025, NIKE, Inc. (NYSE:NKE) posted revenue of $11.6 billion, marking a 10% decline compared to the same quarter last year. The company saw an 8% drop in wholesale revenue, which totaled $6.4 billion. However, its cash position remained robust, with cash and cash equivalents rising to $8.5 billion from $6.2 billion in the previous year. Over the last twelve months, the company generated $7.9 billion in operating cash flow.

NIKE, Inc. (NYSE:NKE) is a strong dividend payer, having raised its payouts for 23 consecutive years. The company offers a quarterly dividend of $0.40 per share and has a dividend yield of 2.08%, as of December 13. Analysts anticipate an upside potential of over 17% for NKE, which makes it one of the best dividend stocks on our list.

The number of hedge funds tracked by Insider Monkey owning stakes in NIKE, Inc. (NYSE:NKE) jumped to 75 in Q3 2024, from 66 in the previous quarter. The total value of these stakes is more than $5.12 billion.

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