Better Buy: Foot Locker vs. Nike Stock
Due to multiple macroeconomic pressures, some high-profile footwear makers and retailers have struggled heavily in 2023. (NYSE: NKE) stock has fallen roughly 15% year to date. Meanwhile, Foot Locker (NYSE: FL) has fared even worse and seen its share price plummet roughly 45% across the stretch.
Which of these consumer goods stocks is the better buy right now? Read on for a look at the pros and cons of investing in each stock and a definitive verdict on which stock is likely to be a better long-term performer for your portfolio.
On the heels of some big sell-offs, Foot Locker stock is looking quite cheap by some metrics. The company is trading at roughly 15.6 times this year's expected earnings and roughly 25% of anticipated sales.
Source Fool.com
Nike Inc. B Stock
The stock is one of the favorites of our community with 64 Buy predictions and 2 Sell predictions.
With a target price of 110 € there is a hugely positive potential of 59.95% for Nike Inc. B compared to the current price of 68.77 €.
