Where Will Nike Stock Be in 5 Years?
NIKE(NKE) The Motley Fool·2024-07-14 18:17
Some fear that this once-legendary footwear company could be past its prime.With shares down by almost 17% over the last five years, Nike (NKE 0.04%) has generated absolutely no value for shareholders (inclusive of dividends) at a time when the S&P 500 has roughly doubled.The company is losing relevance in the fitness apparel industry it once dominated. And the impacts of this decline are showing through on its revenue and earnings. Let's dig deeper to see what the next half-decade could have in store for t ...