NEXT (LON:NXT) Sets New 52-Week High – Should You Buy?

NEXT plc (LON:NXTGet Free Report)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as £115.83 ($151.61) and last traded at £115.75 ($151.51), with a volume of 3175669 shares changing hands. The stock had previously closed at £114.20 ($149.48).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of NEXT in a research report on Thursday, March 27th.

Get Our Latest Stock Report on NEXT

NEXT Stock Performance

The company has a market capitalization of £13.60 billion, a PE ratio of 17.38, a PEG ratio of 5.66 and a beta of 1.37. The firm has a 50-day moving average of £102.36 and a two-hundred day moving average of GBX 9,957.51. 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:NXTGet Free Report) last posted its earnings results on Thursday, March 27th. The company reported GBX 615.10 ($8.05) earnings per share (EPS) for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. Research analysts anticipate that NEXT plc will post 660.7526882 EPS for the current year.

NEXT Increases Dividend

The firm also recently announced 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 ($2.72) per share. This is a positive change from NEXT’s previous dividend of $75.00. The ex-dividend date of this dividend is Thursday, July 17th. This represents a dividend yield of 1.08%. NEXT’s dividend payout ratio (DPR) is 32.49%.

Insider Activity at NEXT

In related news, insider Richard Papp sold 4,307 shares of NEXT stock in a transaction dated Friday, March 28th. The stock was sold at an average price of £109.85 ($143.78), for a total value of £473,123.95 ($619,272.19). 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.

Further Reading

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