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

NEXT plc (LON:NXT)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

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

NEXT Stock Up 0.9 %

The company has a market cap of £12.09 billion, a P/E ratio of 1,528.16, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The firm’s 50 day moving average price is £100.80 and its two-hundred day moving average price is GBX 9,512.22. 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 Cuts Dividend

The business also recently disclosed 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 dividend payout ratio is currently 3,287.67%.

Insider Activity

In related 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 transaction of £29,188,500 ($37,995,964.59). In other NEXT news, 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 ($131.02), for a total transaction of £29,188,500 ($37,995,964.59). Also, insider Jeremy Stakol sold 26,523 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were 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 currently owned by company 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.