Market's view on Next
Published on April 2024
- Marshall Wace has increased their short position in NEXT, despite their history of backing successful trends, and has maintained this position for two years.
- Discussion about funds moving towards Greencore, a ready-made food manufacturer for high street retailers.
- UBS has raised the price target for NEXT from 7250 pence to 9400 pence, maintaining a ‘neutral’ stance.
- NEXT is set to launch operations in India.
- Positive feedback on the ongoing performance of NEXT’s stock.
- A reminiscence of when NEXT’s shares were priced around £45, with a wish to have purchased at that time.
- Inquiry about the potential of shorting a stock, with considerations about shipping routes and the cost of living.
- Criticism of brokerage firms merely following price trends in their recommendations.
- RBC has increased NEXT’s price target from 7700 to 8000 pence, rating it as ‘sector perform’.
- Sale of shares by NEXT’s directors, including significant amounts by Lord Wolfson and Jeff James.
- Commentary on NEXT’s online and retail performance for Q4 and H2, showing growth in online sales.
- Comparison of NEXT’s robust Christmas trading update with potential profit warnings from competitors ASOS and BOOHOO.
- Mention of NEXT over-delivering on its promises.
- An unscheduled trading update from NEXT has reportedly delivered good news, attributed to favourable weather conditions.
- NEXT is in discussions for a potential £500m sale of Reiss, having previously acquired a substantial stake in the company, which has been deemed a good investment.
- Praise for NEXT’s management, describing the company as exceptionally well-run.