NEXT (LON:NXT) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Posted by James Nelson on Dec 15th, 2024

NEXT plc (LON:NXT – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9,633.15 ($121.58) and traded as high as GBX 9,904 ($125.00). NEXT shares last traded at GBX 9,904 ($125.00), with a volume of 379,014 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “not rated” rating on shares of NEXT in a research report on Thursday, September 19th.

Check Out Our Latest Stock Analysis on NEXT

NEXT Trading Up 1.4 %

The company has a debt-to-equity ratio of 125.90, a current ratio of 1.68 and a quick ratio of 1.07. The firm has a market capitalization of £11.82 billion, a P/E ratio of 1,507.46, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The business’s 50-day moving average is GBX 9,937.84 and its 200 day moving average is GBX 9,638.63.

NEXT Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 5th will be given a GBX 75 ($0.95) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 0.73%. NEXT’s payout ratio is 3,287.67%.

Insider Buying and Selling

In other NEXT news, insider Wolfson Aspley Guise sold 290,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of £100.65 ($127.04), for a total transaction of £29,188,500 ($36,840,212.04). Also, insider Jeremy Stakol sold 26,523 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of GBX 9,879 ($124.69), for a total value of £2,620,207.17 ($3,307,089.70). 6.69% of the stock is currently owned by company insiders.

About NEXT

(Get Free Report)

NEXT plc engages in the retail of clothing, beauty, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail; NEXT Online; NEXT Finance; Total Platform; Property Management; and Franchise, Sourcing, and other segments.