NEXT (LON:NXT) Shares Pass Above 200 Day Moving Average – What’s Next?

Posted by Marion Hillson on Dec 15th, 2024

NEXT plc (LON:NXT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9,633.15 ($121.58) and traded as high as GBX 9,904 ($125.00). NEXT shares last traded at GBX 9,904 ($125.00), with a volume of 379,014 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “not rated” rating on shares of NEXT in a research report on Thursday, September 19th.

View Our Latest Stock Analysis on NXT

NEXT Stock Performance

The company has a market cap of £11.82 billion, a price-to-earnings ratio of 1,507.46, a P/E/G ratio of 5.66 and a beta of 1.37. The company has a debt-to-equity ratio of 125.90, a quick ratio of 1.07 and a current ratio of 1.68. The company has a fifty day moving average of GBX 9,937.84 and a two-hundred day moving average of GBX 9,638.63.

NEXT Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 75 ($0.95) per share. This represents a dividend yield of 0.73%. The ex-dividend date is Thursday, December 5th. NEXT’s payout ratio is 3,287.67%.

Insider Transactions at NEXT

In related news, insider Wolfson Aspley Guise sold 290,000 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of £100.65 ($127.04), for a total value of £29,188,500 ($36,840,212.04). Also, insider Jeremy Stakol sold 26,523 shares of NEXT stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of GBX 9,879 ($124.69), for a total value of £2,620,207.17 ($3,307,089.70). Company insiders own 6.69% of the company’s stock.

NEXT Company Profile

(Get Free Report)

NEXT plc engages in the retail of clothing, beauty, 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; Total Platform; Property Management; and Franchise, Sourcing, and other segments.