On June 27th, Nike chief executive John Donahoe presided over one of the bleakest earnings calls in the history of the sportswear maker. Not only was the company still trying to find its level between online and brick-and-mortar sales, he said, but consumer demand for the brand’s trainers and athletic apparel was slowing.

In hiring Hill, Nike signaled its intent to bring the company back to its glory days—a feat Barron’s believes it can do. We recommended the stock earlier this summer, and have reiterated our belief that it’s just a matter of time before the shares regain their edge.

Nike’s stock soared after the news that Hill would replace current CEO John Donahoe, who will step down next month. Hill is a familiar face, spending basically his