Nike (NKE) Traded Lower Due to Several Headwinds
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund (Class I) decreased 0.93% compared to the 4.27% decline for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as NIKE, Inc. (NYSE:NKE). NIKE, Inc. (NYSE:NKE) designs, develops, and markets athletic footwear, apparel, equipment, and accessories. The one-month return of NIKE, Inc. (NYSE:NKE) was -9.23%, and its shares lost 38.74% of their value over the last 52 weeks. On April 25, 2025, NIKE, Inc. (NYSE:NKE) stock closed at $57.62 per share with a market capitalization of $86.316 billion.
Madison Large Cap Fund stated the following regarding NIKE, Inc. (NYSE:NKE) in its Q1 2025 investor letter:
"NIKE, Inc. (NYSE:NKE) is still struggling as it attempts to clean up its over-inventoried position and revive new product launches. Given that its shoes are predominantly manufactured overseas, the recent round of tariffs will increase costs as well."
A close-up of a hand holding a casual sneaker with the Nike logo on it.
NIKE, Inc. (NYSE:NKE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 73 hedge fund portfolios held NIKE, Inc. (NYSE:NKE) at the end of the fourth quarter compared to 75 in the third quarter. While we acknowledge the potential of NIKE, Inc. (NYSE:NKE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we covered NIKE, Inc. (NYSE:NKE) and shared the list of stocks to watch as trade wars begin. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.
READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.
Disclosure: None. This article is originally published at Insider Monkey.
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