NEXT (LON:NXT) Insider Jonathan Blanchard Sells 18,012 Shares

NEXT plc (LON:NXT) insider Jonathan Blanchard sold 18,012 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of £148.02, for a total transaction of £2,666,136.24.

NEXT Stock Down 0.8%

Shares of NXT traded down GBX 115 during trading hours on Friday, hitting £146. The stock had a trading volume of 590,122 shares, compared to its average volume of 5,371,105. NEXT plc has a 1-year low of £112 and a 1-year high of £148.80. The firm has a market capitalization of £16.67 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 5.66 and a beta of 1.05. The firm has a 50 day simple moving average of £134.09 and a 200-day simple moving average of £132.98. The company has a debt-to-equity ratio of 108.79, a current ratio of 1.76 and a quick ratio of 1.07.

NEXT (LON:NXT) last announced its quarterly earnings data on Thursday, March 26th. The company reported GBX 760.10 EPS for the quarter. NEXT had a return on equity of 52.86% and a net margin of 12.87%. Sell-side analysts predict that NEXT plc will post 660.7526882 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group reaffirmed a “buy” rating and issued a £152 price objective on shares of NEXT in a research note on Wednesday, March 25th. Citigroup dropped their target price on NEXT from £135.42 to £132 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Berenberg Bank reiterated a “buy” rating and set a £180 price target on shares of NEXT in a report on Friday, May 15th. Finally, Shore Capital Group restated a “buy” rating on shares of NEXT in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NEXT currently has a consensus rating of “Hold” and an average target price of £140.97.

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. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.