|Day's Range||46.29 - 48.07|
|52 Week Range||44.87 - 79.43|
|PE Ratio (TTM)||9.69|
|Dividend & Yield||1.24 (2.63%)|
|1y Target Est||N/A|
There is no hiding that adidas AG (ADR) (OTCMKTS:ADDYY) has been the growth name in the athletic retail space over the last several quarters. The return of retro styles really thrust the Adidas 3-Stripe look into the fashion spotlight. The dynamic of Adidas constituting a bigger and bigger threat to Nike has weighed heavily on NKE stock.
Wedbush thinks Nike's strategy will keep the retailers insulated.
With news that Nike (NKE) pilot launch on Amazon.com (AMZN) could happen as early as the fourth-quarter, investors may be worried about the impact on companies like Foot Locker (FL) and Dick's Sporting Goods (DKS).