NEXT plc (LON:NXT - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as £129.70 ($174.56) and last traded at £128.90 ($173.49), with a volume of 300949 shares trading hands. The stock had previously closed at £128.95 ($173.55).
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a "buy" rating on shares of NEXT in a research report on Thursday, May 8th.
Read Our Latest Stock Analysis on NXT
NEXT Stock Performance
The company has a market capitalization of £15.14 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 5.66 and a beta of 1.37. The stock has a 50-day moving average price of £119.65 and a 200-day moving average price of £105.23. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07.
NEXT (LON:NXT - Get Free Report) last announced its earnings results on Thursday, March 27th. The company reported GBX 615.10 ($8.28) earnings per share for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. As a group, analysts forecast that NEXT plc will post 660.7526882 earnings per share for the current year.
NEXT Increases Dividend
The business also recently announced a dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, July 17th will be issued a dividend of GBX 208 ($2.80) per share. This is a positive change from NEXT's previous dividend of $75.00. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, July 17th. NEXT's dividend payout ratio is 32.49%.
Insider Transactions at NEXT
In related news, insider Wolfson Aspley Guise sold 100,000 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of £123.62 ($166.38), for a total transaction of £12,362,000 ($16,637,954.24). Also, insider Jeremy Stakol acquired 270 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of £118.55 ($159.56) per share, for a total transaction of £32,008.50 ($43,080.08). 6.69% of the stock is currently owned by insiders.
About NEXT
(
Get Free Report)
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.
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