Is Wall Street Bullish or Bearish on NIKE Stock?

NIKE, Inc. (NKE) is a leading company that designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and related services worldwide, with well-known brands including Nike, Jordan, and Converse. It is recognized as one of the world’s largest suppliers of athletic shoes and apparel and a major force in the global sportswear industry. NIKE is headquartered in Beaverton, Oregon, and its market cap is around $91.7 billion.

Shares of NIKE have underperformed the broader market over the past 52 weeks. NKE has dipped 20.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 15.4%. In addition, shares are down 2.7% on a YTD basis, compared to SPX’s 1.8% uptick.