NEXT (LON:NXT) Insider Richard Papp Sells 2,518 Shares

NEXT plc (LON:NXT) insider Richard Papp sold 2,518 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of £140.44, for a total transaction of £353,627.92.

NEXT Trading Down 0.5%

Shares of NXT stock opened at £145.05 on Friday. NEXT plc has a 1 year low of GBX 9,028 and a 1 year high of £146. The firm’s fifty day simple moving average is £124.53 and its 200 day simple moving average is £123.63. The firm has a market capitalization of £16.85 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08.

NEXT (LON:NXT) last announced its earnings results on Thursday, September 18th. The company reported GBX 324.20 earnings per share (EPS) for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. As a group, sell-side analysts predict that NEXT plc will post 660.7526882 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NXT shares. JPMorgan Chase & Co. boosted their target price on shares of NEXT from £117 to £130.30 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group reiterated a “buy” rating and set a £142 price target on shares of NEXT in a research note on Friday, September 5th. Peel Hunt reiterated a “hold” rating and set a £115 price target on shares of NEXT in a research note on Thursday, September 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NEXT from £108 to £116 and gave the stock a “hold” rating in a research note on Tuesday, August 26th. Finally, Berenberg Bank lifted their price target on shares of NEXT from £147 to £178 and gave the stock a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of £136.26.

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.