NEXT (LON:NXT) Reaches New 1-Year High – Here’s Why

NEXT plc (LON:NXT)’s share price hit a new 52-week high on Monday . The company traded as high as £135.65 ($180.70) and last traded at £135.35 ($180.30), with a volume of 673758 shares. The stock had previously closed at £132.30 ($176.24).

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NXT shares. UBS Group reaffirmed a “buy” rating and set a £142 target price on shares of NEXT in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NEXT from £108 to £116 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Shore Capital reaffirmed a “buy” rating on shares of NEXT in a research report on Thursday, September 18th. Peel Hunt reaffirmed a “hold” rating and set a £115 target price on shares of NEXT in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NEXT in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NEXT has an average rating of “Hold” and an average target price of £124.33.

NEXT Price Performance

The stock has a market cap of £15.73 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08. The company’s fifty day simple moving average is £123.02 and its 200-day simple moving average is £122.96.

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, sell-side analysts forecast that NEXT plc will post 660.7526882 EPS for the current year.

Insider Activity at NEXT

In other news, insider Amy Stirling bought 472 shares of NEXT stock in a transaction dated Thursday, September 18th. The shares were bought at an average price of £116.34 per share, for a total transaction of £54,912.48. Corporate insiders own 1.56% 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.