NEXT (LON:NXT) Releases Quarterly Earnings Results
by Kim Johansen · The Markets DailyNEXT (LON:NXT – Get Free Report) announced its quarterly earnings results on Thursday. The company reported GBX 364.30 earnings per share for the quarter, Digital Look Earnings reports. NEXT had a return on equity of 52.86% and a net margin of 12.87%.
NEXT Trading Up 0.8%
Shares of NXT opened at £146.81 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 108.79. The firm has a market capitalization of £16.76 billion, a P/E ratio of 19.70, a P/E/G ratio of 5.66 and a beta of 1.04. The firm has a 50-day moving average price of £151.15 and a 200 day moving average price of £139.51. NEXT has a 12-month low of £112 and a 12-month high of £161.75.
Insiders Place Their Bets
In related news, insider Jonathan Blanchard sold 18,012 shares of NEXT stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of £148.02, for a total value of £2,666,136.24. Also, insider Jeni Mundy purchased 160 shares of NEXT stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of £155.45 per share, for a total transaction of £24,872. 1.47% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities research analysts recently commented on NXT shares. Berenberg Bank boosted their price target on shares of NEXT from £180 to £187 and gave the stock a “buy” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a £140 target price on shares of NEXT in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on shares of NEXT from £130.30 to £140.40 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Shore Capital Group reaffirmed a “buy” rating and issued a £175 price target on shares of NEXT in a research note on Thursday. Finally, Citigroup lifted their price objective on NEXT from £132 to £155 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NEXT presently has an average rating of “Hold” and a consensus target price of £153.55.
View Our Latest Analysis on NXT
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. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.