Shares of NEXT plc (LON:NXT – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as £125.80 ($167.42) and last traded at £125.63 ($167.19), with a volume of 871443 shares changing hands. The stock had previously closed at £123.60 ($164.49).
Analyst Ratings Changes
Separately, Shore Capital reaffirmed a “buy” rating on shares of NEXT in a research note on Thursday, May 8th.
Read Our Latest Stock Analysis on NEXT
NEXT Stock Down 0.0%
NEXT (LON:NXT – Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported GBX 615.10 ($8.19) earnings per share for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. As a group, analysts forecast that NEXT plc will post 660.7526882 EPS for the current year.
NEXT Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, July 17th will be issued a GBX 208 ($2.77) dividend. This is an increase from NEXT’s previous dividend of $75.00. The ex-dividend date of this dividend is Thursday, July 17th. This represents a dividend yield of 1.08%. NEXT’s dividend payout ratio is currently 32.49%.
Insider Activity
In related news, insider Wolfson Aspley Guise sold 100,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of £123.62 ($164.52), for a total value of £12,362,000 ($16,451,956.35). Also, insider Richard Papp sold 4,307 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of £109.85 ($146.19), for a total value of £473,123.95 ($629,656.57). 6.69% of the stock is owned by corporate insiders.
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.
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