NEXT plc (LON:NXT) Insider Richard Papp Sells 4,307 Shares of Stock

NEXT plc (LON:NXT) insider Richard Papp sold 4,307 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of £109.85 ($142.02), for a total value of £473,123.95 ($611,666.39).

NEXT Stock Up 0.3 %

Shares of LON NXT opened at £111.13 ($143.68) on Wednesday. The stock has a market capitalization of £13.08 billion, a P/E ratio of 16.72, a PEG ratio of 5.66 and a beta of 1.37. NEXT plc has a one year low of GBX 8,598 ($111.16) and a one year high of £112.55 ($145.51). The firm’s 50 day simple moving average is GBX 9,927.23 and its two-hundred day simple moving average is GBX 9,887.97. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07.

NEXT (LON:NXT) last released its earnings results on Thursday, March 27th. The company reported GBX 615.10 ($7.95) EPS for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. As a group, analysts expect that NEXT plc will post 660.7526882 EPS for the current fiscal year.

NEXT Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, July 17th will be given a GBX 208 ($2.69) dividend. The ex-dividend date is Thursday, July 17th. This represents a yield of 1.08%. This is an increase from NEXT’s previous dividend of $75.00. NEXT’s payout ratio is presently 32.49%.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of NEXT in a research report on Thursday, March 27th.

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.