Nike one of the most overvalued among footwear stocks (XLY:NYSEARCA)

Apr 01, 2026, 10:38 AM ETState Street Cons Disc Sel Sect SPDR Income ETF (XLY), VCR, FXD, FDIS, RSPD, RXI, NKE StockWWW, DECK, A, CROX, SHOO, RCKY, XAARF, PUMSY, ONON, BIRD, BIRKBy: Nilanjana Basu, SA News EditorFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock news

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Nike (NKE), sporting a D+ valuation grade that flags it as one of the priciest footwear plays despite a 30% YTD drop, warned of soft sales ahead in China.

Q3 Greater China revenue plunged 10%, Nike Direct fell 5%, and wholesale cratered