September Sell-Off: Is Nike a Buy While It's Down?

·3 min read
September Sell-Off: Is Nike a Buy While It's Down?

Investors have been high on Nike (NYSE: NKE) following its strong fiscal fourth-quarter earnings report in June. Heading into September, shares were up over 20% year to date, but the stock price has pulled back to where it is now up by roughly 7%. The same goes for earnings, where Nike now expects earnings per share to grow at a mid-to-high-teens annualized rate, slightly faster than the mid-teens rate it expected before the pandemic.

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