NEXT plc (LON:NXT - Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as £125.80 ($168.02) and last traded at £125.63 ($167.80), with a volume of 871443 shares changing hands. The stock had previously closed at £123.60 ($165.09).
Analyst Ratings Changes
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 Price Performance
The business's fifty day moving average price is £113.45 and its 200-day moving average price is £103.24. The company has a market capitalization of £14.96 billion, a P/E ratio of 19.12, a P/E/G ratio of 5.66 and a beta of 1.37. 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 (LON:NXT - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported GBX 615.10 ($8.22) earnings per share for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. As a group, sell-side analysts predict that NEXT plc will post 660.7526882 earnings per share for the current fiscal 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 given a dividend of GBX 208 ($2.78) per share. The ex-dividend date of this dividend is Thursday, July 17th. This is a positive change from NEXT's previous dividend of $75.00. This represents a dividend yield of 1.08%. NEXT's dividend payout ratio (DPR) is 32.49%.
Insiders Place Their Bets
In other NEXT news, insider Richard Papp sold 4,307 shares of NEXT stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of £109.85 ($146.72), for a total value of £473,123.95 ($631,927.27). Also, insider Wolfson Aspley Guise sold 100,000 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of £123.62 ($165.11), for a total transaction of £12,362,000 ($16,511,286.23). Corporate insiders own 6.69% of the company's stock.
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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