Is NIKE Stock Underperforming the S&P 500?

Company Overview - NIKE, Inc. is based in Beaverton, Oregon, and specializes in designing, developing, marketing, and selling athletic and casual footwear, apparel, equipment, accessories, and services both in North America and internationally [1] - The company has a market capitalization of $94.9 billion, categorizing it as a large-cap stock, which reflects its significant size and influence in the footwear and accessories industry [2] Stock Performance - NIKE's stock reached a 52-week high of $82.44 on February 26, 2025, but is currently trading 22.3% below that peak [3] - Over the past three months, NIKE stock has increased by 3.5%, outperforming the S&P 500 Index, which rose by 2.8% during the same period [3] - However, over the past 52 weeks, NIKE's stock has declined by 20.2%, while the S&P 500 delivered a return of 15.2% [3] Technical Indicators - The stock has been trading below its 200-day moving average since December of the previous year but has recently moved above the 50-day moving average, indicating early signs of recovery and positive momentum [4] Impact of Tariffs - NIKE's stock has faced challenges due to global tariffs imposed by the Trump administration, with a notable decline of 4.8% on February 23 following the announcement of new tariffs [5] - The proposed 15% global tariff for up to 150 days introduces significant uncertainty for companies reliant on international supply chains, particularly affecting NIKE due to its manufacturing dependence on China [6] Peer Comparison - NIKE's peer, Deckers Outdoor Corporation, has outperformed NIKE over the past year, with a decline of 13.7% in its shares over the past 52 weeks but a surge of 45.5% in the last three months [7]