NEXT (LON:NXT) Announces Quarterly Earnings Results

NEXT (LON:NXT) announced its quarterly earnings results on Thursday. The company reported GBX 760.10 EPS for the quarter, Digital Look Earnings reports. NEXT had a net margin of 12.28% and a return on equity of 35.14%.

NEXT Trading Up 6.3%

Shares of NXT traded up GBX 760 during mid-day trading on Thursday, reaching £127.95. The company’s stock had a trading volume of 3,032,223 shares, compared to its average volume of 6,656,682. NEXT has a 52 week low of £105.05 and a 52 week high of £146.40. The stock has a market cap of £14.81 billion, a PE ratio of 19.40, a P/E/G ratio of 5.66 and a beta of 1.13. The company’s fifty day moving average price is £130.34 and its two-hundred day moving average price is £132.41. The company has a current ratio of 1.74, a quick ratio of 1.07 and a debt-to-equity ratio of 117.05.

Key Headlines Impacting NEXT

Here are the key news stories impacting NEXT this week:

• Positive Sentiment: Quarterly results: NEXT reported GBX 760.10 EPS, a 35.14% ROE and a 12.28% net margin — metrics that support profitability and helped drive investor optimism. Quarterly Results
• Positive Sentiment: UBS reaffirmed a “buy” rating and left a £152 price target on the stock, providing a near-term upside anchor for the shares. Broker Rating (UBS)
• Positive Sentiment: Shore Capital also reaffirmed its “buy” stance, adding further broker support to the move. Broker Rating (Shore Capital)
• Neutral Sentiment: Analyst write-up: A Yahoo Finance piece examines how NEXT is “repricing its story” by adjusting assumptions and highlighting risks — useful context that may temper bullish expectations but doesn’t negate the quarter’s strength. How NEXT Is Repricing Its Story
• Neutral Sentiment: Unrelated media noise: Multiple links reference “NXT” wrestling coverage (WWE NXT). These are editorial/entertainment items and should be treated as non-material to NEXT plc’s fundamentals. Example: Bleacher Report coverage of WWE NXT. WWE NXT Results

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NXT shares. UBS Group reiterated a “buy” rating and issued a £152 price objective on shares of NEXT in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NEXT in a report on Wednesday, January 7th. Jefferies Financial Group reiterated a “hold” rating and issued a £140 target price on shares of NEXT in a research report on Wednesday, January 7th. Finally, Shore Capital Group restated a “buy” rating on shares of NEXT in a research report on Thursday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of £141.97.

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.