Nike's stock is struggling this year, but investors shouldn't count it out in the long run.Nike (NKE 0.07%) is a top apparel company, and its iconic brand is known around the world. Even though its products are often more expensive than others, the company has managed to grow its business significantly for years. Today, its market capitalization is around $130 billion.But lately, investors have grown worried about the company's growth prospects. Business has been slowing down, and inflation isn't helping. W ...

The footwear and athleticwear giant is going through a transition.Nike (NKE 0.07%) has dominated the sportswear industry for more than a generation, but the sneaker king looks surprisingly vulnerable these days.Revenue growth has ground to a halt, and the company is backing away from its direct-to-consumer strategy, admitting that it made a mistake in turning away from its wholesale relationships with retailers like Foot Locker.Indeed, its revenue has been contracting -- it was down 2% in its fiscal fourth ...

Nike currently sits more than 30% below its 52-week high.Nike (NKE 0.07%) is a bit out of shape these days. The leading sports company's sales growth has stagnated due to some strategic missteps, and that has weighed on its share price. Nike stock recently traded under $85, putting it more than 30% below its 52-week high. Here's a look at whether investors should pick up the shoe stock while it's in the discount bin.A tough year, but signs of optimism Nike is coming off a tough year. The company reported it ...

Wall Street has left the Swoosh for dead. That could be a colossal mistake for some and an opportunity for others.Shoe and sports apparel giant Nike (NKE 0.07%) is one of the all-time best-performing stocks, but you wouldn't know if you've owned shares over the past few years. The stock has lost roughly half its value since peaking in late 2021. Sluggish sales momentum and competitive pressure have many declaring Nike a dinosaur beyond its best years.Nike deserves some criticism. Management has admitted tha ...

Despite posting Q2 sales and earnings that beat Wall Street's expectations, Foot Locker delivered some bad news for Nike today.Nike (NKE -2.93%) stock lost ground in Wednesday's trading. The footwear and apparel company's share price closed out the daily session down 2.9%, according to data from S&P Global Market Intelligence.Nike stock posted another day of stock decline due to information contained in Foot Locker's second-quarter report and conference call. While Foot Locker actually beat sales and earnin ...

SHANGHAI, CHINA - AUGUST 27, 2024 - A Nike flagship store in Shanghai, China, August 27, 2024. ... [+] (Photo credit should read CFOTO/Future Publishing via Getty Images)CFOTO/Future Publishing via Getty ImagesIf you are a Nike investor and took advantage of the stock’s recent run-up over the past month, amid signs of an improvement in its business and the considerable exposure it received during the Paris Olympics, it may be time to look elsewhere. As of this moment, we find Autozone - a leading U.S.-based ...

The trainer market is more diverse and competitive than ever before, and its biggest player has felt the pinch.While new brands have been popping up and taking market share, Nike suffered its biggest single day drop in share price on record in late June. A whopping $28bn (£21.6bn) was shaved off in market capitalisation overnight after the company's management reported an expected sale drop in early 2025.But why has this happened?Nike remains the biggest sports retailer in the world and still has the larges ...

After experiencing a downward trend since this year's start, NIKE Inc. (NKE) shares have recently bounced back, with a 14.6% rise in the past month. This rebound has resulted in the Beaverton, OR-based company outperforming its industry peers, the broader sector and the S&P 500 Index.NIKE’s share price increase of 14.6% outpaced the industry's 12.8% growth in the past month. It also exceeded the broader Zacks Consumer Discretionary sector and the S&P 500’s respective increases of 2.5% and 2.9% in the same p ...

Nike looks like a prime buy-the-dip investment candidate.Nike (NKE 0.27%) is known for its eye-catching athletic wear, scores of world-class athletes as brand ambassadors, and catchy ad campaigns and slogans that work their way into global pop culture. This has helped the business rise to its current standing atop the industry.However, the performance of the company's share price has been anything but memorable. Had you invested in this consumer discretionary stock five years ago, you would've gained just 6 ...

Wall Street has thrown these leading brands to the curb, but they could be gems for patient investors.A tech-driven stock-buying rally has sent the major market indexes to new highs this year, but the rally has been uneven, as some consumer brands work to manage a tough sales environment. Shares of several leading consumer goods brands now trade well off their previous highs.In the hunt for stock bargains in an elevated market, it's not surprising to see the most successful fund managers scooping up stocks ...