Search for Nike Stock Is Worth A Look Now on Bing

newsfeedback@fool.com (John Ballard), The Motley Fool
Sun, 09/24/2017 - 10:34am

Nike's (NYSE: NKE) stock has been flat over the past year, as sales growth has been lower than investors expect, especially given that Nike was valued at a high price-to-earnings (P/E) ratio of 30 in early 2016. High valuations demand high growth, and when growth disappoints, stock prices usually suffer the consequences.Meanwhile, Adidas (NASDAQOTH: ADDYY) has been invading Nike's territory in North America with renewed energy, posting robust sales growth over 20% compared to Nike's paltry single-digit sales growth. However, I don't believe this is the time to throw in the towel on Nike, which has one of the most iconic brands in the world.

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