Reported about 2 months ago
Nike's stock has significantly underperformed over the past year, dropping 17% compared to the S&P 500's growth of 28%. The brand has struggled against competitors like On Holding, Skechers, and Deckers, with analysts warning of ongoing challenges due to market share losses to brands like New Balance and Asics. Stifel analyst Jim Duffy has lowered his price target for Nike, citing concerns over the Jordan brand's relevance and changing consumer preferences.
Source: YAHOO