NEXT (LON:NXT) Hits New 52-Week High – Here’s Why

NEXT plc (LON:NXT)’s share price hit a new 52-week high on Tuesday . The company traded as high as £112.55 ($145.41) and last traded at £110.55 ($142.83), with a volume of 714196 shares traded. The stock had previously closed at £110.85 ($143.22).

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of NEXT in a research report on Thursday, March 27th.

NEXT Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08. The firm has a market capitalization of £13.10 billion, a PE ratio of 16.74, a PEG ratio of 5.66 and a beta of 1.37. The stock has a 50-day moving average price of GBX 9,893.12 and a 200 day moving average price of GBX 9,880.

NEXT (LON:NXT) last issued its quarterly earnings results on Thursday, March 27th. The company reported GBX 615.10 ($7.95) EPS for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. Equities analysts forecast that NEXT plc will post 660.7526882 EPS for the current fiscal year.

NEXT Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, July 17th will be given a dividend of GBX 208 ($2.69) per share. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, July 17th. This is an increase from NEXT’s previous dividend of $75.00. NEXT’s dividend payout ratio is 32.49%.

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.