NEXT plc (LON:NXT - Get Free Report) shares dropped 0.7% during mid-day trading on Thursday . The company traded as low as £101.45 ($129.45) and last traded at £102.30 ($130.53). Approximately 251,485 shares traded hands during trading, a decline of 46% from the average daily volume of 465,825 shares. The stock had previously closed at £103.05 ($131.49).
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a "not rated" rating on shares of NEXT in a report on Thursday, September 19th.
View Our Latest Research Report on NEXT
NEXT Trading Down 1.6 %
The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 125.90. The business has a fifty day simple moving average of GBX 9,944.64 and a 200 day simple moving average of GBX 9,622.07. The company has a market cap of £12.01 billion, a price-to-earnings ratio of 1,557.08, a P/E/G ratio of 5.66 and a beta of 1.37.
NEXT Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 5th will be given a GBX 75 ($0.96) dividend. This represents a dividend yield of 0.73%. The ex-dividend date is Thursday, December 5th. NEXT's dividend payout ratio is currently 3,287.67%.
Insider Buying and Selling
In other NEXT news, insider Jeremy Stakol sold 26,523 shares of NEXT stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of GBX 9,879 ($126.06), for a total value of £2,620,207.17 ($3,343,380.34). Also, insider Wolfson Aspley Guise sold 290,000 shares of NEXT stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of £100.65 ($128.43), for a total value of £29,188,500 ($37,244,481.31). 6.69% of the stock is currently owned by company insiders.
NEXT Company Profile
(
Get Free Report)
NEXT plc engages in the retail of clothing, beauty, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail; NEXT Online; NEXT Finance; Total Platform; Property Management; and Franchise, Sourcing, and other segments.
See Also
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 "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
