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.

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.