Like an athlete going through a slump, (NYSE: NKE) finds itself at a critical juncture. The sportswear giant's shares have tumbled nearly 30% over the prior 12 months, while the S 500 (SNPINDEX: ^GSPC) has delivered total returns of 27.5%, including dividends.
Despite the sharp decline, Nike's stock still commands a premium valuation at 30.8 times forward earnings. Let's break down the athletic apparel giant's fundamentals to determine if this contrarian setup presents a buying opportunity at the onset of 2025.
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Source Fool.com