Jeremy Stakol Purchases 186 Shares of NEXT (LON:NXT) Stock

NEXT plc (LON:NXT) insider Jeremy Stakol acquired 186 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average cost of GBX 3,869 per share, for a total transaction of £7,196.34.

NEXT Price Performance

NXT stock traded down GBX 85 during mid-day trading on Monday, reaching £140.35. 458,135 shares of the company traded hands, compared to its average volume of 1,124,115. The company has a fifty day moving average price of £133.28 and a 200-day moving average price of £126.61. NEXT plc has a 52-week low of GBX 9,028 and a 52-week high of £146.40. The company has a market capitalization of £16.31 billion, a P/E ratio of 21.27, a P/E/G ratio of 5.66 and a beta of 1.37. 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 announced its quarterly earnings results on Thursday, September 18th. The company reported GBX 324.20 earnings per share (EPS) for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. As a group, analysts anticipate that NEXT plc will post 660.7526882 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NXT. UBS Group reissued a “buy” rating and issued a £142 price target on shares of NEXT in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on NEXT from £108 to £116 and gave the company a “hold” rating in a research note on Tuesday, August 26th. Berenberg Bank boosted their target price on NEXT from £147 to £178 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Shore Capital cut NEXT to a “hold” rating and raised their price target for the company from £140 to £147.50 in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on NEXT from £117 to £130.30 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of £140.63.

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.