NEXT (LON:NXT) Stock Price Crosses Above 200-Day Moving Average of $6,393.11

NEXT plc (LON:NXT – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 6,393.11 ($79.52) and traded as high as GBX 6,544 ($81.39). NEXT shares last traded at GBX 6,448 ($80.20), with a volume of 309,266 shares.

Analyst Upgrades and Downgrades

NXT has been the subject of several recent analyst reports. Shore Capital reissued a “hold” rating on shares of NEXT in a report on Thursday, May 4th. Liberum Capital reaffirmed a “buy” rating and set a GBX 7,500 ($93.28) target price on shares of NEXT in a research note on Thursday, February 9th. Jefferies Financial Group lifted their target price on shares of NEXT from GBX 5,700 ($70.90) to GBX 7,500 ($93.28) and gave the stock a “hold” rating in a research note on Monday, March 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 6,500 ($80.85) target price on shares of NEXT in a research note on Tuesday, May 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, NEXT has a consensus rating of “Hold” and an average price target of GBX 6,900 ($85.82).

NEXT Price Performance

The stock has a fifty day moving average of GBX 6,635.17 and a 200-day moving average of GBX 6,393.68. The company has a quick ratio of 1.07, a current ratio of 2.04 and a debt-to-equity ratio of 165.29. The stock has a market capitalization of £8.22 billion, a price-to-earnings ratio of 1,122.81, a P/E/G ratio of 5.66 and a beta of 1.34.

NEXT Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, August 1st. Investors of record on Thursday, July 6th will be issued a GBX 140 ($1.74) dividend. This represents a yield of 2.08%. This is an increase from NEXT’s previous dividend of $66.00. The ex-dividend date of this dividend is Thursday, July 6th. NEXT’s dividend payout ratio is 3,614.04%.

Insider Activity

In other news, insider Richard Papp sold 5,300 shares of the stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of GBX 6,506 ($80.92), for a total value of £344,818 ($428,878.11). Corporate insiders own 7.11% of the company’s stock.

About NEXT

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NEXT plc engages in the retail of clothing, 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, NEXT International Retail, NEXT Sourcing, Lipsy, NENA, and Property Management segments.