NEXT’s (NXT) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of NEXT (LON:NXTFree Report) in a report issued on Thursday, Marketbeat Ratings reports.

NEXT Trading Down 0.3 %

NEXT stock opened at £110 ($142.38) on Thursday. NEXT has a 1 year low of GBX 8,598 ($111.29) and a 1 year high of £111.04 ($143.72). The firm’s 50 day moving average price is GBX 9,859.02 and its 200-day moving average price is GBX 9,874.30. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. The stock has a market cap of £12.95 billion, a P/E ratio of 16.55, a PEG ratio of 5.66 and a beta of 1.37.

NEXT (LON:NXTGet Free Report) last announced its quarterly earnings results on Thursday, March 27th. The company reported GBX 615.10 ($7.96) earnings per share (EPS) for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. On average, equities analysts predict that NEXT will post 660.7526882 earnings per share for the current fiscal year.

NEXT Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, July 17th will be paid a dividend of GBX 208 ($2.69) per share. The ex-dividend date is Thursday, July 17th. This is a positive change from NEXT’s previous dividend of $75.00. This represents a yield of 1.08%. NEXT’s dividend payout ratio is presently 32.49%.

About NEXT

(Get Free Report)

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.

Further Reading

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