NEXT (LON:NXT) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

NEXT plc (LON:NXT) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of £106.82 ($144.21) and traded as high as £129 ($174.16). NEXT shares last traded at £124.95 ($168.69), with a volume of 27,480,150 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of NEXT in a report on Thursday, May 8th.

NEXT Stock Up 0.3%

The stock has a market cap of £14.76 billion, a P/E ratio of 18.86, a P/E/G 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 firm’s fifty day moving average is £122.27 and its 200 day moving average is £106.82.

NEXT (LON:NXT) last announced its earnings results on Thursday, March 27th. The company reported GBX 615.10 ($8.30) EPS for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. As a group, equities research analysts forecast that NEXT plc will post 660.7526882 EPS for the current year.

NEXT Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, July 17th will be issued a GBX 208 ($2.81) dividend. This represents a 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 (DPR) is 32.49%.

Insider Buying and Selling

In other news, insider Richard Papp sold 4,307 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of £109.85 ($148.31), for a total transaction of £473,123.95 ($638,752.46). Also, insider Jeremy Stakol acquired 270 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average price of £118.55 ($160.05) per share, for a total transaction of £32,008.50 ($43,213.85). Insiders own 6.69% 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.