Insider Selling: NEXT plc (LON:NXT) Insider Sells 26,523 Shares of Stock

NEXT plc (LON:NXT) 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 ($129.29), for a total value of £2,620,207.17 ($3,429,141.70).

NEXT Stock Up 1.9 %

Shares of NEXT stock opened at £100.50 ($131.53) on Friday. NEXT plc has a 1 year low of GBX 6,746 ($88.29) and a 1 year high of £111.04 ($145.32). The firm has a market cap of £12.00 billion, a price-to-earnings ratio of 1,529.68, a PEG ratio of 5.66 and a beta of 1.37. The company has a 50-day moving average of GBX 9,944.44 and a 200 day moving average of GBX 9,387.90. The company has a debt-to-equity ratio of 125.90, a current ratio of 1.68 and a quick ratio of 1.07.

NEXT Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed 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.