October 09, 2013 at 16:55 PM EDT
Nike Releases Its 2014 Revenue Target (NKE)

Nike, Inc. (NKE) announced on Wednesday its 2017 goal, which is to deliver $36 billion in revenue.

To meet its growth objectives by fiscal 2017, Nike points to its key growth areas in China, women’s sports, and e-commerce. Though China is currently experiencing a slowdown, while sales in the U.S. pick up steam (especially in its basketball segment), the company remains quite focused on its position in the country, believing it will be one of the company’s biggest growth areas.

By 2015, Nike expects revenues to grow 19% to $30 billion; and by 2017, it expects to reach its $36 billion target.

Nike shares inched 0.86% higher during Wednesday’s session. Year-to-date, the stock is up 35.57%.

The Bottom Line

Shares of Nike, Inc. (NKE) currently yield 1.18% based on Wednesday’s closing price of $70.89 and its annual payout of 84 cents.

Nike, Inc. (NKE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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