NEXT (LON:NXT) Insider Sells 18,012 Shares of Stock

NEXT plc (LON:NXT) insider Jonathan Blanchard sold 18,012 shares of NEXT stock in a transaction on Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24.

NEXT Price Performance

NXT traded down GBX 115 on Friday, reaching £146. The company had a trading volume of 590,122 shares, compared to its average volume of 5,371,105. The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76. NEXT plc has a 52-week low of £112 and a 52-week high of £148.80. The company has a market cap of £16.67 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 5.66 and a beta of 1.05. The business has a 50 day simple moving average of £134.09 and a 200 day simple moving average of £132.98.

NEXT (LON:NXT) last released its earnings results on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a net margin of 12.87% and a return on equity of 52.86%. As a group, sell-side analysts anticipate that NEXT plc will post 660.7526882 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NXT. Berenberg Bank reissued a “buy” rating and issued a £180 target price on shares of NEXT in a research note on Friday, May 15th. Citigroup dropped their price objective on NEXT from £135.42 to £132 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Shore Capital Group restated a “buy” rating on shares of NEXT in a report on Wednesday, May 6th. Finally, UBS Group reiterated a “buy” rating and set a £152 price target on shares of NEXT in a report on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, NEXT currently has a consensus rating of “Hold” and a consensus price target of £140.97.

NEXT Company Profile

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.