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 company’s stock in a transaction 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 Stock Performance

NXT opened at £100.20 ($134.17) on Friday. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 125.90. NEXT plc has a 12-month low of GBX 6,746 ($90.33) and a 12-month high of £111.04 ($148.69). The firm has a 50 day moving average of GBX 9,720.96 and a two-hundred day moving average of GBX 9,293.97. The firm has a market capitalization of £11.98 billion, a PE ratio of 1,537.29, a P/E/G ratio of 5.66 and a beta of 1.37.

NEXT Cuts Dividend

The firm also recently announced 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 ($1.00) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 0.73%. NEXT’s dividend payout ratio (DPR) is presently 3,287.67%.

Analyst Ratings Changes

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

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.