NEXT plc (LON:NXT) Insider Sells £29,188,500 in Stock

NEXT plc (LON:NXT) insider Wolfson Aspley Guise sold 290,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of £100.65 ($134.78), for a total value of £29,188,500 ($39,084,761.65).

NEXT Stock Down 3.5 %

NXT opened at GBX 9,742 ($130.45) on Monday. NEXT plc has a 1-year low of GBX 6,746 ($90.33) and a 1-year high of £111.04 ($148.69). The stock’s fifty day simple moving average is GBX 9,760.16 and its 200 day simple moving average is GBX 9,309.05. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 125.90. The stock has a market cap of £11.65 billion, a PE ratio of 1,482.80, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37.

NEXT Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Investors 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 (DPR) is presently 3,287.67%.

Analysts Set New Price Targets

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

About NEXT

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.