NEXT plc (LON:NXT – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9,350.92 ($125.08) and traded as high as GBX 9,990 ($133.63). NEXT shares last traded at GBX 9,938 ($132.93), with a volume of 220,233 shares.
Wall Street Analyst Weigh In
Separately, Shore Capital restated a “not rated” rating on shares of NEXT in a report on Thursday, September 19th.
NEXT Price Performance
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 GBX 75 ($1.00) dividend. This represents a yield of 0.73%. The ex-dividend date is Thursday, December 5th. NEXT’s dividend payout ratio is currently 3,287.67%.
Insider Transactions at NEXT
In related news, insider Wolfson Aspley Guise sold 290,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of £100.65 ($134.63), for a total value of £29,188,500 ($39,042,937.40). Insiders own 6.99% of the company’s stock.
NEXT Company Profile
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.
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