Richard Papp Sells 4,307 Shares of NEXT plc (LON:NXT) Stock

NEXT plc (LON:NXT) insider Richard Papp sold 4,307 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of £109.85 ($142.64), for a total transaction of £473,123.95 ($614,366.90).

NEXT Stock Performance

NXT stock opened at £112.45 ($146.02) on Thursday. NEXT plc has a fifty-two week low of GBX 8,598 ($111.65) and a fifty-two week high of £112.60 ($146.21). The company has a market capitalization of £13.24 billion, a P/E ratio of 16.92, a PEG ratio of 5.66 and a beta of 1.37. The company has a 50-day simple moving average of GBX 9,962.09 and a 200 day simple moving average of GBX 9,897.19. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08.

NEXT (LON:NXT) last issued its quarterly earnings results on Thursday, March 27th. The company reported GBX 615.10 ($7.99) earnings per share (EPS) for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. Sell-side analysts predict that NEXT plc will post 660.7526882 earnings per share for the current fiscal year.

NEXT Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, July 17th will be issued a GBX 208 ($2.70) dividend. This represents a yield of 1.08%. This is an increase from NEXT’s previous dividend of $75.00. The ex-dividend date is Thursday, July 17th. NEXT’s dividend payout ratio is presently 32.49%.

Analysts Set New Price Targets

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

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.