Nike (NKE) Traded Lower Due to Several Headwinds

1 month ago 10

Soumya Eswaran

Mon, Apr 28, 2025, 5:07 AM 2 min read

Madison Investments, an concern advisor, released its “Madison Large Cap Fund” first-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. In the archetypal quarter, the money (Class I) decreased 0.93% compared to the 4.27% diminution for the S&P 500 index. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its first-quarter 2025 capitalist letter, Madison Large Cap Fund highlighted stocks specified arsenic NIKE, Inc. (NYSE:NKE). NIKE, Inc. (NYSE:NKE) designs, develops, and markets diversion footwear, apparel, equipment, and accessories. The one-month instrumentality of NIKE, Inc. (NYSE:NKE) was -9.23%, and its shares mislaid 38.74% of their worth implicit the past 52 weeks. On April 25, 2025, NIKE, Inc. (NYSE:NKE) banal closed astatine $57.62 per stock with a marketplace capitalization of $86.316 billion.

Madison Large Cap Fund stated the pursuing regarding NIKE, Inc. (NYSE:NKE) successful its Q1 2025 capitalist letter:

"NIKE, Inc. (NYSE:NKE) is inactive struggling arsenic it attempts to cleanable up its over-inventoried presumption and revive caller merchandise launches. Given that its shoes are predominantly manufactured overseas, the caller circular of tariffs volition summation costs arsenic well."

A close-up of a manus holding a casual sneaker with the Nike logo connected it.

NIKE, Inc. (NYSE:NKE) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 73 hedge money portfolios held NIKE, Inc. (NYSE:NKE) astatine the extremity of the 4th fourth compared to 75 successful the 3rd quarter. While we admit the imaginable of NIKE, Inc. (NYSE:NKE) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.

In different article, we covered NIKE, Inc. (NYSE:NKE) and shared the database of stocks to ticker arsenic commercialized wars begin. In addition, delight cheque retired our hedge money capitalist letters Q1 2025 leafage for much capitalist letters from hedge funds and different starring investors.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.