NIKE's Premium P/E & Fresh Rally: Time to Accumulate or Stay Cautious?

Key Takeaways NKE trades at 41.31X forward P/E, well above adidas, Skechers and Wolverine.The Win Now initiative drives product launches, brand energy and wholesale gains.Tariff costs, Greater China weakness and digital traffic headwinds pressure near-term growth.NIKE Inc. (NKE) remains fundamentally strong, backed by its decisive actions to reposition itself for sustainable and profitable long-term growth. However, the company’s current forward 12-month price-to-earnings (P/E) multiple of 41.31X raises con ...