NEXT (LON:NXT) Shares Cross Above 200-Day Moving Average of $6,393.11

NEXT plc (LON:NXT – Get Rating)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 6,393.11 ($79.52) and traded as high as GBX 6,544 ($81.39). NEXT shares last traded at GBX 6,448 ($80.20), with a volume of 309,266 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NXT shares. Shore Capital reiterated a “hold” rating on shares of NEXT in a research note on Thursday, May 4th. Liberum Capital restated a “buy” rating and issued a GBX 7,500 ($93.28) price target on shares of NEXT in a research note on Thursday, February 9th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 6,500 ($80.85) target price on shares of NEXT in a report on Tuesday, May 9th. Finally, Jefferies Financial Group raised their target price on shares of NEXT from GBX 5,700 ($70.90) to GBX 7,500 ($93.28) and gave the company a “hold” rating in a report on Monday, March 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 6,900 ($85.82).

NEXT Trading Down 0.3 %

The company has a quick ratio of 1.07, a current ratio of 2.04 and a debt-to-equity ratio of 165.29. The stock has a 50-day moving average of GBX 6,635.17 and a 200 day moving average of GBX 6,393.68. The stock has a market cap of £8.22 billion, a PE ratio of 1,122.81, a price-to-earnings-growth ratio of 5.66 and a beta of 1.34.

NEXT Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, August 1st. Investors of record on Thursday, July 6th will be paid a GBX 140 ($1.74) dividend. This is an increase from NEXT’s previous dividend of $66.00. This represents a yield of 2.08%. The ex-dividend date is Thursday, July 6th. NEXT’s dividend payout ratio is currently 3,614.04%.

Insider Buying and Selling at NEXT

In other NEXT news, insider Richard Papp sold 5,300 shares of the company’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of GBX 6,506 ($80.92), for a total value of £344,818 ($428,878.11). 7.11% of the stock is owned by company insiders.

NEXT Company Profile

(Get Rating)

NEXT plc engages in the retail of clothing, 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, NEXT International Retail, NEXT Sourcing, Lipsy, NENA, and Property Management segments.