NEXT (LON:NXT) Stock Price Down 0.7% – Here’s Why

Posted by Defense World Staff on Dec 6th, 2024

NEXT plc (LON:NXT – Get Free Report)’s stock price traded down 0.7% on Thursday . The company traded as low as £101.45 ($129.45) and last traded at £102.30 ($130.53). 251,485 shares were traded during trading, a decline of 46% from the average session volume of 465,825 shares. The stock had previously closed at £103.05 ($131.49).

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on NEXT

NEXT Stock Performance

The stock has a market cap of £12.21 billion, a price-to-earnings ratio of 1,557.08, a PEG ratio of 5.66 and a beta of 1.37. The company’s 50 day simple moving average is GBX 9,944.64 and its 200 day simple moving average is GBX 9,622.07. The company has a debt-to-equity ratio of 125.90, a quick ratio of 1.07 and a current ratio of 1.68.

NEXT Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 5th will be paid a dividend of GBX 75 ($0.96) per share. This represents a yield of 0.73%. The ex-dividend date of this dividend is Thursday, December 5th. NEXT’s dividend payout ratio is presently 3,287.67%.

Insiders Place Their Bets

In related news, insider Wolfson Aspley Guise sold 290,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of £100.65 ($128.43), for a total value of £29,188,500 ($37,244,481.31). Also, insider Jeremy Stakol sold 26,523 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of GBX 9,879 ($126.06), for a total value of £2,620,207.17 ($3,343,380.34). Corporate 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.