NEXT (LON:NXT) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

NEXT plc (LON:NXT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 9,512.22 ($123.82) and traded as high as £100.95 ($131.41). NEXT shares last traded at £100.40 ($130.70), with a volume of 154,848 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “not rated” rating on shares of NEXT in a research note on Thursday, September 19th.

NEXT Stock Performance

The company has a debt-to-equity ratio of 125.90, a current ratio of 1.68 and a quick ratio of 1.07. The stock has a market cap of £12.09 billion, a P/E ratio of 1,528.16, a PEG ratio of 5.66 and a beta of 1.37. The stock has a 50-day simple moving average of £100.80 and a 200-day simple moving average of GBX 9,512.22.

NEXT Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 5th will be issued a dividend of GBX 75 ($0.98) per share. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, December 5th. NEXT’s dividend payout ratio (DPR) is presently 3,287.67%.

Insider Activity at NEXT

In other NEXT news, insider Jeremy Stakol sold 26,523 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of GBX 9,879 ($128.60), for a total value of £2,620,207.17 ($3,410,839.85). In other news, insider Wolfson Aspley Guise sold 290,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of £100.65 ($131.02), for a total value of £29,188,500 ($37,995,964.59). Also, insider Jeremy Stakol sold 26,523 shares of NEXT stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of GBX 9,879 ($128.60), for a total transaction of £2,620,207.17 ($3,410,839.85). 6.69% of the stock is owned by insiders.

NEXT Company Profile

NEXT plc engages in the retail of clothing, beauty, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail; NEXT Online; NEXT Finance; Total Platform; Property Management; and Franchise, Sourcing, and other segments.