NEXT plc (LON:NXT) Insider Wolfson Aspley Guise Sells 100,000 Shares

NEXT plc (LON:NXT) insider Wolfson Aspley Guise sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of £123.62 ($164.26), for a total value of £12,362,000 ($16,425,724.16).

NEXT Price Performance

NEXT stock opened at £122.25 ($162.44) on Monday. The business has a 50 day simple moving average of £110.97 and a 200-day simple moving average of £102.45. The stock has a market capitalization of £14.39 billion, a PE ratio of 18.39, a price-to-earnings-growth 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. NEXT plc has a 12 month low of GBX 8,598 ($114.24) and a 12 month high of £125.45 ($166.69).

NEXT (LON:NXT) last released its earnings results on Thursday, March 27th. The company reported GBX 615.10 ($8.17) EPS for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. Equities analysts predict that NEXT plc will post 660.7526882 earnings per share for the current year.

NEXT Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, July 17th will be issued a GBX 208 ($2.76) dividend. The ex-dividend date is Thursday, July 17th. This represents a yield of 1.08%. This is an increase from NEXT’s previous dividend of $75.00. NEXT’s dividend payout ratio (DPR) is 32.49%.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of NEXT in a research note on Thursday.

About NEXT

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.