NEXT plc (LON:NXT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of £107.99 ($144.92) and traded as high as £126.05 ($169.15). NEXT shares last traded at £125.75 ($168.75), with a volume of 163,452 shares traded.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reissued a "buy" rating on shares of NEXT in a research report on Thursday, May 8th.
View Our Latest Research Report on NXT
NEXT Trading Up 0.8%
The company has a market capitalization of £14.80 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 5.66 and a beta of 1.37. The company has a 50-day moving average price of £124.21 and a 200-day moving average price of £107.99. 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 issued its quarterly earnings results on Thursday, March 27th. The company reported GBX 615.10 ($8.25) earnings per share (EPS) for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. Research analysts predict that NEXT plc will post 660.7526882 EPS for the current fiscal 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 given a dividend of GBX 208 ($2.79) per share. The ex-dividend date is Thursday, July 17th. This is a boost from NEXT's previous dividend of $75.00. This represents a dividend yield of 1.08%. NEXT's payout ratio is currently 32.49%.
Insider Activity
In other news, insider Richard Papp sold 4,307 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of £109.85 ($147.41), for a total transaction of £473,123.95 ($634,895.26). Also, insider Wolfson Aspley Guise sold 100,000 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of £123.62 ($165.89), for a total value of £12,362,000 ($16,588,835.21). 6.69% of the stock is currently owned by company 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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