Converse Has Been a Big Win for Nike Stock Since 2003
If you bought Nike (NYSE: NKE) stock around the time that the sports apparel titan purchased Converse, you'd be sitting on massive long-term gains today. Nike is up over 700% since mid-2003, compared to a 160% increase in the broader market.
The Converse brand has had some painful growth struggles lately, though, and they highlight the core challenges facing Nike's broader business.
Image source: Getty Images.
Source: Fool.com
Nike Inc. B Stock
€85.76
-0.150%
The stock is one of the favorites of our community with 46 Buy predictions and 3 Sell predictions.
With a target price of 115 € there is a positive potential of 34.1% for Nike Inc. B compared to the current price of 85.76 €.
