NEXT (LON:NXT) Receives a 'Buy' Rating from Shore Capital

Shore Capital has reaffirmed its buy rating for shares of NEXT (LON:NXT – Free Report) in a research report published on Thursday, according to Marketbeat Ratings.

NEXT Stock Performance

On Thursday, shares of NEXT opened at £109.93 ($142.32), experiencing an increase of 10.1%. The company has a debt-to-equity ratio of 76.08, along with a current ratio of 1.68, and a quick ratio of 1.07. The market capitalization stands at £12.94 billion, with a price-to-earnings (P/E) ratio of 16.54 and a P/E/G ratio of 5.66. The stock has shown a 1-year low of GBX 8,598 ($111.32) and a 1-year high of £111.04 ($143.76). Additionally, its fifty-day simple moving average is GBX 9,824.71, and the 200-day simple moving average is GBX 9,868.12.

NEXT recently reported its earnings results on March 27th, revealing earnings per share of GBX 615.10 ($7.96) for the quarter. The company has achieved a return on equity of 55.99% and a net margin of 13.77%. Analysts are anticipating that NEXT will post earnings of approximately 660.75p per share for the current year.

Dividend Announcement

Furthermore, NEXT announced a dividend that will be paid on Monday, August 25th. Shareholders recorded on Thursday, July 17th, will receive a dividend of GBX 208 ($2.69), which offers a yield of 1.08%. This reflects an increase from the previous dividend of $75.00. The ex-dividend date for this payment is also set for Thursday, July 17th. Currently, NEXT's dividend payout ratio stands at 32.49%.

Company Overview

Founded in Leeds in 1864 by Joseph Hepworth and Son, NEXT has evolved from a tailoring business to a comprehensive retailer. Today, it offers a wide range of products, including clothing, footwear, accessories, beauty items, and home goods to customers both in the UK and internationally. The company operates over 500 stores across the United Kingdom and Ireland and has more than 180 franchise locations in Europe, Asia, and the Middle East.

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