NEXT plc (LON:NXT) Insider Sells £29,188,500 in Stock

NEXT plc (LON:NXT) insider Wolfson Aspley Guise sold 290,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of £100.65 ($134.78), for a total value of £29,188,500 ($39,084,761.65).

NEXT Trading Down 3.5 %

LON NXT opened at GBX 9,742 ($130.45) on Monday. The stock has a market capitalization of £11.65 billion, a price-to-earnings ratio of 1,482.80, a PEG ratio of 5.66 and a beta of 1.37. The stock’s 50 day moving average price is GBX 9,760.16 and its two-hundred day moving average price is GBX 9,309.05. The company has a debt-to-equity ratio of 125.90, a quick ratio of 1.07 and a current ratio of 1.68. NEXT plc has a 52 week low of GBX 6,746 ($90.33) and a 52 week high of £111.04 ($148.69).

NEXT Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 5th will be paid a GBX 75 ($1.00) dividend. This represents a yield of 0.73%. The ex-dividend date is Thursday, December 5th. NEXT’s payout ratio is 3,287.67%.

Wall Street Analysts Forecast Growth

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

About NEXT

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.