NEXT (LON:NXT) Posts Earnings Results

NEXT (LON:NXT) posted its earnings results on Thursday. The company reported GBX 760.10 EPS for the quarter, Digital Look Earnings reports. NEXT had a net margin of 12.28% and a return on equity of 35.14%.

NEXT Stock Up 5.6%

NEXT stock traded up GBX 675 during midday trading on Thursday, hitting £127.10. 3,035,683 shares of the stock were exchanged, compared to its average volume of 6,656,740. NEXT has a 52-week low of £105.05 and a 52-week high of £146.40. The company has a quick ratio of 1.07, a current ratio of 1.74 and a debt-to-equity ratio of 117.05. The business’s 50-day moving average price is £130.34 and its 200-day moving average price is £132.41. The stock has a market capitalization of £14.71 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 5.66 and a beta of 1.13.

Trending Headlines about NEXT

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Quarterly results: NEXT reported GBX 760.10 EPS, a 35.14% ROE and a 12.28% net margin — metrics that support profitability and helped drive investor optimism. Quarterly Results
• Positive Sentiment: UBS reaffirmed a “buy” rating and left a £152 price target on the stock, providing a near-term upside anchor for the shares. Broker Rating (UBS)
• Positive Sentiment: Shore Capital also reaffirmed its “buy” stance, adding further broker support to the move. Broker Rating (Shore Capital)
• Neutral Sentiment: Analyst write-up: A Yahoo Finance piece examines how NEXT is “repricing its story” by adjusting assumptions and highlighting risks — useful context that may temper bullish expectations but doesn’t negate the quarter’s strength. How NEXT Is Repricing Its Story
• Neutral Sentiment: Unrelated media noise: Multiple links reference “NXT” wrestling coverage (WWE NXT). These are editorial/entertainment items and should be treated as non-material to NEXT plc’s fundamentals. Example: Bleacher Report coverage of WWE NXT. WWE NXT Results

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Shore Capital Group reiterated a “buy” rating on shares of NEXT in a research note on Thursday. UBS Group reissued a “buy” rating and issued a £152 price objective on shares of NEXT in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and set a £140 target price on shares of NEXT in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NEXT in a report on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, NEXT presently has an average rating of “Hold” and a consensus target price of £141.97.

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.