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 reiterated by research analysts at Shore Capital in a research report issued on Thursday, Marketbeat.com reports.

NEXT Price Performance

Shares of LON NXT traded down GBX 180.88 ($2.40) on Thursday, hitting £121.49 ($161.32). The company's stock had a trading volume of 837,137 shares, compared to its average volume of 995,156. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. The company has a market capitalization of £14.30 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The stock has a 50 day moving average of £124.43 and a 200-day moving average of £113.74. NEXT has a 12-month low of GBX 9,028 ($119.88) and a 12-month high of £131 ($173.95).

Insider Buying and Selling

In other news, insider Wolfson Aspley Guise sold 100,000 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of £123.62 ($164.15), for a total value of £12,362,000 ($16,414,818.75). Company insiders own 6.69% of the company's stock.

About NEXT

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.