Wolfson Aspley Guise Sells 290,000 Shares of NEXT plc (LON:NXT) Stock

NEXT plc (LON:NXT) insider Wolfson Aspley Guise sold 290,000 shares of the business’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 transaction of £29,188,500 ($39,084,761.65).

NEXT Stock Down 3.5 %

NXT opened at GBX 9,742 ($130.45) on Friday. The company has a fifty day moving average price of GBX 9,760.16 and a 200-day moving average price of GBX 9,302.68. The firm has a market capitalization of £11.65 billion, a P/E ratio of 1,482.80, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. 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 plc has a one year low of GBX 6,746 ($90.33) and a one year high of £111.04 ($148.69).

NEXT Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 75 ($1.00) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 0.73%. NEXT’s dividend payout ratio (DPR) is currently 3,287.67%.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “not rated” rating on shares of NEXT in a 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.