NIKE (NKE) On China Reset And Store Closures Still Looks Pricey Against Fair Value

Recent downgrades of NIKE (NKE), led by JPMorgan, have brought the company’s China reset and planned U.S. store closures to the forefront for investors who are reassessing near term revenue and earnings pressure. See our latest analysis for NIKE. NIKE’s share price has been under pressure for much of 2026, with the year to date share price return down 32.92% and the 1 year total shareholder return down 42.22%, even after a recent 2.22% single day gain that followed mixed earnings expectations...