NIKE, Inc. (NYSE:NKE) is among the 12 Best Dow Jones Dividend Stocks to Buy According to Hedge Funds. KeyBanc lowered NKE’s price target to $75 from $90 on January 22, hinting at business stabilization. Reuters reported on January 26 that Nike is cutting about 775 jobs to boost profitability and automation efforts, primarily in Tennessee and Mississippi.

Nike has faced pressure to regain lost market share from competitors, leading to job cuts. CEO Elliott Hill initiated turnaround efforts in 2024, resulting in reductions to the corporate workforce. The company aims to streamline operations and move faster, with the latest layoffs affecting U.S. distribution centers. As of May 2025, Nike employed about 77,800 people globally.

NIKE, Inc. (NYSE:NKE) designs, markets, and sells athletic products globally. While NKE shows potential as an investment, some AI stocks may offer greater upside with less risk. For insights on an undervalued AI stock benefiting from current trends, check out a free report on the best short-term AI stock. Explore more dividend stocks and low-risk investments for retirement.

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Read more at Yahoo Finance: KeyBanc Trims Nike (NKE) Target but Sees Early Signs of Stabilization