Insider Buying: NEXT (LON:NXT) Insider Purchases 375 Shares of Stock

NEXT plc (LON:NXT) insider Amy Stirling bought 375 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were bought at an average price of £133.06 per share, for a total transaction of £49,897.50.

NEXT Stock Up 0.2%

NXT stock traded up GBX 20 during mid-day trading on Thursday, hitting £131.95. 75,809,867 shares of the company were exchanged, compared to its average volume of 7,164,813. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76. The firm has a market cap of £15.22 billion, a P/E ratio of 17.70, a P/E/G ratio of 5.66 and a beta of 1.05. The firm’s 50 day simple moving average is £129.77 and its 200 day simple moving average is £134.16. NEXT plc has a 1-year low of £112 and a 1-year high of £146.40.

NEXT (LON:NXT) last posted its quarterly earnings data on Thursday, March 26th. The company reported GBX 760.10 earnings per share (EPS) for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. On average, sell-side analysts predict that NEXT plc will post 660.7526882 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on NXT shares. Shore Capital Group reissued a “buy” rating on shares of NEXT in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a £140 target price on shares of NEXT in a report on Wednesday, January 7th. Citigroup cut their price target on NEXT from £135.42 to £132 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. JPMorgan Chase & Co. restated a “neutral” rating on shares of NEXT in a report on Wednesday, January 7th. Finally, UBS Group reaffirmed a “buy” rating and set a £152 target price on shares of NEXT in a research report on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of £140.98.

About NEXT

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. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.