NEXT is a UK based retailer offering exciting, beautifully designed, excellent quality

fashion and accessories for men, women and children together with a full range of

homewares# NEXT distributes through three main channels:


■NEXT Retail, a chain of more than 500 stores in the UK and Eire;
■NEXT Directory, a home shopping catalogue and website with around 3 million active customers and international websites serving approximately 50 countries; and
■NEXT International, with almost 200 mainly franchised stores around the world#
Other businesses in the NEXT group include:■NEXT Sourcing, which designs, sources and buys NEXT branded products;
■Lipsy, which designs and sells its own branded younger women's fashion products through retail, internet and wholesale channels; and
The parent company, NEXT plc, is listed on the London Stock Exchange #LSE: NXT#L# and is a member of the FTSE 100 Index# Total revenues for the year ended January 2012 were £3#5 billion with underlying pre-tax profits of £570 million# NEXT's head office is located in Enderby on the outskirts of Leicester, England

http://www.next.co.uk/

2 May
JP Morgan...
4,580.00
Neutral

Trading Statement

Shore Capital Sell 4,188.50 - - Reiterates

Cantor Fitzgerald Hold 4,188.50 4,425.00 4,425.00 Retains

A bit like HSBA - shore capital always seem to have a sell rating.

Thanks skinny, all I got was nulls at 7.10am.

Another company of the likes of Tesco/supermarkets that have sat and watched their heart being ripped out, by the likes of Asos and boohoo.

Don't diss boohoo. It's just business and there's always someone to take your place at the top ...... including you DC...... 😉

Watch it. :-))

Market buzz -

Next got a boost on Wednesday as Investec upped its stance on the retailer to 'buy' from 'hold' and lifted the price target to 4,750p from 3,900p.

It said that unlike peers, Next has been actively managing its portfolio over the last 10 years, something that is being overlooked by investors preoccupied by short-term trading.

"Next's estate is well-invested, and in our view margins appear sustainable, even if retail like-for-like sales continue to fall. Post FY18, profits should stabilise even if consumer demand remains weak, with some self-help. In our view, valuation doesn't reflect Next's qualities as a well-invested business with strong and sustainable cash flows."

The brokerage highlighted the fact that Next's store portfolio has undergone more than just a refit. 53% of Retail's square footage didn't exist 10 years ago, even though store numbers have risen by just 12% since the start of full-year 2008.

In addition, Investec said new space is highly profitable and reflect an active property strategy, with new stores contributing around 40% more than company average. "Profitable new space continues to generate a profit buffer each year versus negative LFLs," it said.

Investec also said cash generation remains robust, with surplus returns looking secure.

15 May
Shore Capital
N/A
Sell

Proactive investor -


Next walloped by Credit Suisse downgrade
Share
12:48 15 Jun 2017
“With earnings, margins and cash conversion continuing to fall we regard Next as a value trap.”

Credit Suisse's target price has been cut to 3,956p from 4,250p.
Credit Suisse downgraded Next Plc (LON:NXT) to ‘underperform’ as prices remain  soft across Europe despite it being almost a year since the pound dropped post Brexit and two years since the main falls in the Euro/US$.
“The price survey would seem to suggest that Next has cut entry level pricing during Sping and Summer, possibly in response to the very poor 1Q sales (Retail - 8.1%, Directory +3.3%).

“We continue to believe that its strategy of expanding UK space is incorrect for a mature retailer and that self-help from Credit, International and Label will diminish, and potentially reverse, over the next two years.
“With earnings, margins and cash conversion continuing to fall we regard Next as a value trap.”
Credit Suisse's target price has been cut to 3,956p from 4,250p. Shares fell 5.4% to 4,068p
Marks & Spencer PLC meanwhile (LON:MKS) has seen stable premium prices  month on month but have still fallen by almost 40% over the past year.
“This confirms the price realignment that has been ongoing for the past year, but may suggest that it is now complete, said the Swiss broker. Neutral is its view on M&S with a 370p target.
Marks & Spencer shares fell by 3.6% to 355p.

18 Jul
Deutsche Bank
4,250.00
Hold

I never quite got how it was an £80 stock. Now price action like a recession is on the way!!!! Hopefully not.

1 Aug
Barclays...
3,900.00
Underweight

1 Aug
Deutsche Bank
N/A
Hold

Trading update http://www.moneyam.com/action/news/showArticle?id=5612824

4 Aug
JP Morgan...
4,580.00
Neutral
3 Aug
Peel Hunt
4,200.00
Hold
3 Aug
Shore Capital
N/A
Hold
1 Aug
Barclays...
3,900.00
Underweight
1 Aug
Deutsche Bank
N/A
Hold

Next struggles on downbeat outlook from broker
StockMarketWire.com
High street retailer Next (NXT) was out of fashion with investors after broker Berenberg downgraded its recommendation to 'sell'.

The analyst said that Next is overburdened by the 'over spaced store estate', which would restrict its ability to invest in its products and free home delivery, resulting in a loss of market share.

The stock was dragged 2.4% lower to £42.73 as investors were nervous about Next's future.

31 Aug
Barclays...
N/A
Underweight

8 Sep
Deutsche Bank
4,150.00
Hold
1 Sep
Deutsche Bank
4,250.00
Hold

Interims Thurs 4 Sept

Now trading in the "Corridor of uncertainty" as Boycs would say.

Undecided as to the direction from here.

Definitely does not need to put out a profit warning.