Don't Forget These 3 Top Risks Before You Buy Nike Stock
NKENIKE(NKE) The Motley Fool·2024-08-04 17:45

The mighty sportswear enterprise is not without some valid risk factors.While the S&P 500 sits near record highs, a well-known company like Nike (NKE 0.22%) has disappointed its investors mightily. Shares currently trade 58% off their peak price from November 2021. And they have declined 16% in the past five years (as of July 30).But the opportunity might be too hard to pass up, especially since this consumer discretionary stock sells for a price-to-earnings ratio of 19.8, virtually its cheapest level in th ...