What Nike's Earnings Mean for Mutual Fund Investors (NKE)

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What Nike's Earnings Mean for Mutual Fund Investors (NKE)

Shauna O'Brien

|

Nike Inc logo in black
After the closing bell on Thursday, Nike (NKE) released its second quarter financial results. The company reported higher revenues and earnings, which came in above analysts’ expectations.

Inside the Results

Earnings

Nike reported earnings of $655 million, or 74 cents per share. Last year, NKE reported earnings of $534 million, or 59 cents per share. Analysts expected to see EPS of 70 cents.

Revenue
Revenue rose 15% to $7.38 billion, compared to $6.43 billion a year ago. Analysts expected to see $7.15 billion in revenue.

Sports Apparel Leader

Nike is by far the leader in the sports apparel industry, and its shares are fairly valued at just 25x 2015 earnings. The company’s dividend has been growing, but the stock is still not ideal for income-focused investors. We would imagine that fund managers would prefer to add to to this stock on a pullback.

Mutual Funds to Watch

Investors seeking exposure to Nike may consider one the funds below as an alternative to investing directly in the stock. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
{% mutualfund FCNTX %} Fidelity® Contrafund® 1.92%
{% mutualfund VTSMX %} Vanguard Total Stock Market Index 1.34%
{% mutualfund VFINX %} Vanguard 500 Index 0.87%

The Bottom Line

The funds above offer investors a diversified bundle of securities and industries. Investors interested in Nike may also be interested in Under Armour (UA) and Finish Line (FINL).

Shares of Nike are up 20% YTD.

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Nike Inc logo in black

What Nike's Earnings Mean for Mutual Fund Investors (NKE)

Shauna O'Brien

|

After the closing bell on Thursday, Nike (NKE) released its second quarter financial results. The company reported higher revenues and earnings, which came in above analysts’ expectations.

Inside the Results

Earnings

Nike reported earnings of $655 million, or 74 cents per share. Last year, NKE reported earnings of $534 million, or 59 cents per share. Analysts expected to see EPS of 70 cents.

Revenue
Revenue rose 15% to $7.38 billion, compared to $6.43 billion a year ago. Analysts expected to see $7.15 billion in revenue.

Sports Apparel Leader

Nike is by far the leader in the sports apparel industry, and its shares are fairly valued at just 25x 2015 earnings. The company’s dividend has been growing, but the stock is still not ideal for income-focused investors. We would imagine that fund managers would prefer to add to to this stock on a pullback.

Mutual Funds to Watch

Investors seeking exposure to Nike may consider one the funds below as an alternative to investing directly in the stock. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
{% mutualfund FCNTX %} Fidelity® Contrafund® 1.92%
{% mutualfund VTSMX %} Vanguard Total Stock Market Index 1.34%
{% mutualfund VFINX %} Vanguard 500 Index 0.87%

The Bottom Line

The funds above offer investors a diversified bundle of securities and industries. Investors interested in Nike may also be interested in Under Armour (UA) and Finish Line (FINL).

Shares of Nike are up 20% YTD.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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