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.
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
🇺🇸 Asics stock catches fire along with its dad sneakers https://t.co/NHHve7kPdB
Asics Stock Catches Fire Along With Its Dad Sneakers https://t.co/WT3Ta34hp7
This running-shoe maker’s stock price has quadrupled over the past two years. It still has room to run. https://t.co/URTTQ3N9Rh https://t.co/URTTQ3N9Rh
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This maker of "dad sneakers" has seen its stock quadruple in two years https://t.co/YVtq9er9xd by @jackycwong
This running shoe maker’s stock price has quadrupled over the past two years. It still has room to run. https://t.co/rf8cD0MIMY