NEXT (LON:NXT) Receives "Buy" Rating from Shore Capital

Key Points

• Shore Capital has restated its "buy" rating for NEXT (LON:NXT), indicating continued confidence in the company's performance.
• NEXT's stock opened at £121.80 ($161.50) on Thursday, marking a slight decline of 0.8%.
• Insider Wolfson Aspley Guise sold 100,000 shares at an average price of £123.62 ($163.91), indicating significant insider trading activity.

NEXT (LON:NXT - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Shore Capital in a research note issued on Thursday, MarketBeat Ratings reports.

NEXT Stock Performance

Shares of LON NXT traded up GBX 20 ($0.27) during midday trading on Thursday, reaching £123.30 ($163.66). 326,949 shares of the company were exchanged, compared to its average volume of 996,224. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08. NEXT has a 1 year low of GBX 9,028 ($119.83) and a 1 year high of £131 ($173.88). The stock has a fifty day simple moving average of £124.43 and a 200 day simple moving average of £113.45. The stock has a market cap of £14.51 billion, a P/E ratio of 18.55, a PEG ratio of 5.66 and a beta of 1.37.

Insider Activity

In related news, insider Wolfson Aspley Guise sold 100,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of £123.62 ($164.08), for a total transaction of £12,362,000 ($16,408,282.45). 6.69% of the stock is currently owned by corporate insiders.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers. NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.