NEXT plc (LON:NXT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as £115.83 ($153.30) and last traded at £115.75 ($153.19), with a volume of 3175669 shares trading hands. The stock had previously closed at £114.20 ($151.14).
Wall Street Analysts Forecast Growth
Separately, Shore Capital reiterated a "buy" rating on shares of NEXT in a research note on Thursday, March 27th.
Get Our Latest Research Report on NEXT
NEXT Stock Performance
The stock has a market cap of £14.13 billion, a P/E ratio of 18.05, a PEG ratio of 5.66 and a beta of 1.37. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. The stock has a 50-day simple moving average of £103.19 and a 200-day simple moving average of GBX 9,980.44.
NEXT (LON:NXT - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The company reported GBX 615.10 ($8.14) EPS for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. Research analysts forecast that NEXT plc will post 660.7526882 earnings per share for the current year.
NEXT Increases Dividend
The business also recently announced a dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, July 17th will be issued a GBX 208 ($2.75) dividend. The ex-dividend date of this dividend is Thursday, July 17th. This is a boost from NEXT's previous dividend of $75.00. This represents a yield of 1.08%. NEXT's dividend payout ratio is presently 32.49%.
Insider Activity at NEXT
In related news, insider Richard Papp sold 4,307 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of £109.85 ($145.38), for a total value of £473,123.95 ($626,156.63). 6.69% of the stock is owned by company 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.
Recommended Stories
Before you consider NEXT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NEXT wasn't on the list.
While NEXT currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
