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

NEXT plc (LON:NXT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 9,546.34 ($120.31) and traded as high as GBX 9,812 ($123.65). NEXT shares last traded at GBX 9,674 ($121.92), with a volume of 199,062 shares trading hands.

Wall Street Analyst Weigh In

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

NEXT Trading Down 0.2 %

The stock has a market cap of £11.35 billion, a P/E ratio of 1,447.49, a PEG 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. The business’s 50 day simple moving average is £100.30 and its 200 day simple moving average is GBX 9,551.96.

NEXT Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 5th will be paid a GBX 75 ($0.95) dividend. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, December 5th. NEXT’s dividend payout ratio (DPR) is currently 3,287.67%.

Insider Activity

In related news, insider Jeremy Stakol sold 26,523 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of GBX 9,879 ($124.50), for a total value of £2,620,207.17 ($3,302,088.43). Also, 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 ($126.84), for a total transaction of £29,188,500 ($36,784,499.05). 6.69% of the stock is currently owned by corporate insiders.

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.