5 Dividend Stocks That Are Down Over 30% YTD

1. NIKE, Inc. (NYSE:NKE)

Year to Date Performance as of 12/26: -30.25%

Dividend Yield as of 12/26: 1.17%

Number of Hedge Fund Holders: 70

Although shares of NIKE, Inc. (NYSE:NKE) have rallied substantially from October, they are still down 30.25% year to date as the market has not liked how demand for the company’s leading apparel has been weaker than expected. As a result of the weaker demand, NIKE, Inc. (NYSE:NKE)’s inventories have been higher than some estimates and its gross margins have come under pressure. In the long term, NIKE, Inc. (NYSE:NKE) has a pretty attractive business given its strong brand, however, and rising incomes in developing countries could lead to demand growing in the next 10 years. Currently, the company has a dividend yield of around 1.17%.

70 hedge funds in our database owned shares at the end of Q3, ranking NIKE, Inc. (NYSE:NKE) #1 on our list of 12 Dividend Stocks That Are Down Over 30% YTD.

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