NEXT (LON:NXT) Sets New 52-Week High – Here’s Why

NEXT plc (LON:NXT)’s stock price reached a new 52-week high during 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 Upgrades and Downgrades

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

NEXT Stock Performance

The company has a debt-to-equity ratio of 108.79, a quick ratio of 1.07 and a current ratio of 1.76. The company has a market cap of £16.73 billion, a PE ratio of 19.66, a PEG ratio of 5.66 and a beta of 1.05. The firm’s 50 day moving average is £133.59 and its 200-day moving average is £132.91.

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

Insiders Place Their Bets

In other news, insider Amy Stirling acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of £133.06 per share, for a total transaction of £49,897.50. Company insiders own 1.66% of the company’s stock.

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.