NEXT (LON:NXT) Insider Wolfson Aspley Guise Sells 50,000 Shares

NEXT plc (LON:NXT) insider Wolfson Aspley Guise sold 50,000 shares of NEXT stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of £145.20, for a total transaction of £7,260,000.

NEXT Stock Performance

Shares of LON NXT opened at £145.05 on Friday. 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 plc has a 12 month low of GBX 9,028 and a 12 month high of £146. The company has a 50 day simple moving average of £124.53 and a two-hundred day simple moving average of £123.63. The stock has a market cap of £16.85 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 5.66 and a beta of 1.37.

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

Analysts Set New Price Targets

NXT has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of NEXT from £117 to £130.30 and gave the company a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NEXT from £108 to £116 and gave the company a “hold” rating in a research note on Tuesday, August 26th. Peel Hunt reiterated a “hold” rating and issued a £115 target price on shares of NEXT in a research note on Thursday, September 18th. UBS Group reiterated a “buy” rating and issued a £142 target price on shares of NEXT in a research note on Friday, September 5th. Finally, Shore Capital reiterated a “buy” rating on shares of NEXT in a research note on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently 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.