NEXT (LON:NXT) Reaches New 52-Week High – Here’s What Happened

NEXT plc (LON:NXT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as £146.45 and last traded at £146.30, with a volume of 553476 shares changing hands. The stock had previously closed at £143.30.

Analyst Ratings Changes

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

NEXT Stock Up 2.3%

The firm has a 50-day moving average of £133.59 and a 200 day moving average of £132.91. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The stock has a market capitalization of £16.73 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 5.66 and a beta of 1.05.

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

Insider Buying and Selling

In other NEXT news, insider Amy Stirling purchased 375 shares of NEXT stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of £133.06 per share, for a total transaction of £49,897.50. 1.66% of the stock is currently owned by corporate insiders.

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. 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.