NIKE's Stock Looks Expensive: Is Patience the Better Strategy Now?

Key Takeaways NKE trades at premium P/E and P/S multiples versus industry averages despite recent stock declines.NIKE faces near-term pressure from uneven demand, wholesale softness and heavy promotions hurting margins.NKE's brand strength and sport-led innovation support long-term growth, but recovery is likely to be gradual.NIKE Inc. (NKE) continues to demonstrate fundamental strength, driven by moves to support sustainable profitability. However, its current forward 12-month price-to-earnings (P/E) ratio ...