NEXT (LON:NXT) Hits New 1-Year Low – Here’s What Happened

NEXT plc (LON:NXT)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 97.48 ($1.23) and last traded at GBX 9,730 ($122.33), with a volume of 993864 shares changing hands. The stock had previously closed at GBX 9,900 ($124.47).

Analysts Set New Price Targets

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

NEXT Price Performance

The stock has a fifty day moving average of GBX 9,939.88 and a two-hundred day moving average of GBX 9,648.73. The stock has a market cap of £11.63 billion, a price-to-earnings ratio of 1,482.50, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 125.90.

Insider Transactions at NEXT

In other NEXT news, insider Wolfson Aspley Guise sold 290,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of £100.65 ($126.54), for a total value of £29,188,500 ($36,696,630.63). Also, insider Jeremy Stakol sold 26,523 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of GBX 9,879 ($124.20), for a total value of £2,620,207.17 ($3,294,200.62). Corporate insiders own 6.69% of the company’s stock.

About NEXT

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.