NEXT plc (LON:NXT) to Issue GBX 57.50 Dividend

NEXT plc (LON:NXT) announced a dividend on Thursday, September 19th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 5th will be paid a dividend of GBX 57.50 ($0.75) per share on Thursday, January 2nd. This represents a dividend yield of 0.99%. The ex-dividend date is Thursday, December 5th. The official announcement can be seen at this link.

Shares of LON NXT opened at GBX 6,712 ($87.70) on Tuesday. The stock’s 50-day simple moving average is GBX 6,694.12 and its two-hundred day simple moving average is GBX 5,997.63. NEXT has a twelve month low of GBX 3,970 ($51.88) and a twelve month high of GBX 6,976 ($91.15). The firm has a market capitalization of $8.88 billion and a P/E ratio of 14.89. The company has a quick ratio of 1.10, a current ratio of 1.62 and a debt-to-equity ratio of 1,250.37.

In other NEXT news, insider Wolfson Aspley Guise sold 153,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 6,605 ($86.31), for a total transaction of £10,105,650 ($13,204,821.64).

A number of analysts have recently issued reports on NXT shares. Liberum Capital downgraded NEXT to a “hold” rating and lifted their price target for the company from GBX 6,500 ($84.93) to GBX 7,000 ($91.47) in a research report on Wednesday, October 30th. Goldman Sachs Group upgraded shares of NEXT to a “buy” rating in a research report on Tuesday, August 13th. Shore Capital restated a “hold” rating on shares of NEXT in a research report on Tuesday, October 29th. Credit Suisse Group raised shares of NEXT to a “neutral” rating and raised their target price for the company from GBX 5,600 ($73.17) to GBX 6,000 ($78.40) in a research note on Monday, September 16th. Finally, UBS Group reiterated a “buy” rating and set a GBX 7,200 ($94.08) target price (up from GBX 6,300 ($82.32)) on shares of NEXT in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 6,155.56 ($80.43).

NEXT Company Profile

NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

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Dividend History for NEXT (LON:NXT)

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