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

Shore Capital reiterated their buy rating on shares of NEXT (LON:NXT) in a report released on Thursday, Marketbeat reports.

NEXT Price Performance

Shares of LON:NXT opened at £110 ($142.38) on Thursday. The business has a fifty day moving average price of GBX 9,859.02 and a 200-day moving average price of 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 company has a market capitalization of £12.95 billion, a PE ratio of 16.55, a PEG ratio of 5.66 and a beta of 1.37. NEXT has a 1-year low of GBX 8,598 ($111.29) and a 1-year high of £111.04 ($143.72).

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

NEXT Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, August 25th. Shareholders 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 payout ratio is currently 32.49%.

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.