NEXT plc (LON:NXT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of £106.82 ($145.03) and traded as high as £129 ($175.15). NEXT shares last traded at £124.95 ($169.65), with a volume of 27,480,150 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reissued a "buy" rating on shares of NEXT in a research note on Thursday, May 8th.
Get Our Latest Analysis on NXT
NEXT Stock Performance
The company's fifty day moving average price is £123.27 and its two-hundred day moving average price is £107.37. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. The firm has a market capitalization of £15.03 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37.
NEXT (LON:NXT - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The company reported GBX 615.10 ($8.35) 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, equities analysts expect that NEXT plc will post 660.7526882 earnings per share for the current year.
NEXT Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, July 17th will be issued a GBX 208 ($2.82) dividend. This represents a dividend yield of 1.08%. This is an increase from NEXT's previous dividend of $75.00. The ex-dividend date is Thursday, July 17th. NEXT's dividend payout ratio (DPR) is 32.49%.
Insider Activity
In other NEXT news, insider Richard Papp sold 4,307 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of £109.85 ($149.15), for a total value of £473,123.95 ($642,395.04). Also, insider Jeremy Stakol bought 270 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of £118.55 ($160.96) per share, with a total value of £32,008.50 ($43,460.29). Corporate insiders own 6.69% of the company's stock.
About NEXT
(
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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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