Jun 3, 12:28 AM

Asics Stock Quadruples in Two Years, Fueled by Running Culture

Asics, a maker of running shoes and 'dad sneakers,' has seen its stock price quadruple over the past two years, fueled by a growing running culture. The company's stock is currently trading at 34 times forward earnings, a multiple similar to Deckers Outdoor but higher than Nike, which trades at 25 times forward earnings. Analysts suggest that Asics still has room for further growth.

#Asics #Deckers Outdoor #Nike

Written with ChatGPT (GPT-4o).

Sources

Michael J. Miraflor@michaelmiraflor
2 years ago
Running culture is fueling a tripling to quadrupling of running shoe brand share price. WSJ: "Asics trades at 34 times forward earnings.... that is a similar multiple as Deckers Outdoor but higher than bigger peer Nike, which trades at 25 times." https://t.co/BbaNN9PJWN
Neil Saunders@NeilRetail
2 years ago
🇺🇸 Asics stock catches fire along with its dad sneakers https://t.co/NHHve7kPdB
Barbarian Capital@BarbarianCap
2 years ago
Asics Stock Catches Fire Along With Its Dad Sneakers https://t.co/WT3Ta34hp7

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Asics Stock Quadruples in Two Years, Fueled by Running Culture

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