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%.

Despite supply challenges, the business is humming right now. Revenue finished fiscal 2021 (which ended in May) up 23% over the previous year. But the market might be asking investors to pay too much relative to alternatives.

Nike store in Seoul, South Korea. Image source: Nike.

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Source Fool.com