NEXT (LON:NXT) Issues Quarterly Earnings Results

NEXT (LON:NXT) issued its quarterly earnings results on Thursday. The company reported GBX 324.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. NEXT had a net margin of 13.77% and a return on equity of 55.99%.

NEXT Stock Up 2.5%

Shares of NXT opened at £118.70 on Friday. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. The firm has a market cap of £13.81 billion, a P/E ratio of 1,960.36, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. NEXT has a 52 week low of GBX 9,028 and a 52 week high of £131. The firm’s 50-day simple moving average is £120.58 and its 200 day simple moving average is £118.81.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NXT shares. Shore Capital reiterated a “buy” rating on shares of NEXT in a research note on Thursday. UBS Group reiterated a “buy” rating and issued a £142 price target on shares of NEXT in a research note on Friday, September 5th. Peel Hunt reiterated a “hold” rating and issued a £115 price target on shares of NEXT in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NEXT from £108 to £116 and gave the company a “hold” rating in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of NEXT in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NEXT currently has a consensus rating of “Hold” and an average price target of £124.33.

Insider Transactions at NEXT

In other NEXT news, insider Amy Stirling acquired 472 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was purchased at an average price of £116.34 per share, with a total value of £54,912.48. 1.56% of the stock is owned by corporate insiders.

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.