Shares of NEXT plc (LON:NXT - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of £106.82 ($144.21) and traded as high as £129 ($174.16). NEXT shares last traded at £124.95 ($168.69), with a volume of 27,480,150 shares traded.
Analysts Set New Price Targets
Separately, Shore Capital reissued a "buy" rating on shares of NEXT in a research note on Thursday, May 8th.
Read Our Latest Stock Report on NXT
NEXT Trading Up 0.4%
The firm has a market cap of £14.77 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The company's 50-day moving average price is £122.27 and its 200-day moving average price is £106.82. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08.
NEXT (LON:NXT - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported GBX 615.10 ($8.30) earnings per share (EPS) for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. Equities analysts expect that NEXT plc will post 660.7526882 EPS for the current fiscal year.
NEXT Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, July 17th will be given a dividend of GBX 208 ($2.81) per share. This represents a dividend yield of 1.08%. This is a boost from NEXT's previous dividend of $75.00. The ex-dividend date is Thursday, July 17th. NEXT's payout ratio is presently 32.49%.
Insider Activity at NEXT
In other news, insider Richard Papp sold 4,307 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of £109.85 ($148.31), for a total value of £473,123.95 ($638,752.46). Also, insider Jeremy Stakol purchased 270 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average price of £118.55 ($160.05) per share, for a total transaction of £32,008.50 ($43,213.85). 6.69% of the stock is owned by corporate insiders.
NEXT Company Profile
(
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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