NEXT (LON:NXT) Issues Quarterly Earnings Results

NEXT (LON:NXT) issued its earnings results on Thursday. The company reported GBX 364.30 earnings per share for the quarter, Digital Look Earnings reports. NEXT had a net margin of 12.87% and a return on equity of 52.86%.

NEXT Stock Up 0.8%

Shares of LON:NXT opened at £146.81 on Thursday. The firm has a 50 day simple moving average of £151.15 and a 200-day simple moving average of £139.51. NEXT has a twelve month low of £112 and a twelve month high of £161.75. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The company has a market capitalization of £16.76 billion, a PE ratio of 19.70, a P/E/G ratio of 5.66 and a beta of 1.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Berenberg Bank increased their price objective on shares of NEXT from £180 to £187 and gave the company a “buy” rating in a research report on Thursday, August 6th. Peel Hunt reiterated a “hold” rating and set a £139 target price on shares of NEXT in a research note on Wednesday, August 5th. Citigroup increased their target price on NEXT from £132 to £155 and gave the company a “neutral” rating in a report on Thursday, August 6th. Shore Capital Group restated a “buy” rating and issued a £175 price target on shares of NEXT in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a £140 price target on shares of NEXT in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of £153.55.

Insider Buying and Selling at NEXT

In other NEXT news, insider Jonathan Blanchard sold 18,012 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of £148.02, for a total value of £2,666,136.24. Also, insider Jeni Mundy acquired 160 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of £155.45 per share, with a total value of £24,872. Corporate insiders own 1.47% of the company’s stock.

About NEXT

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. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.