NEXT stock | Expectations for 2026, valuation & analysis

LSE:NXT

£ 126,75

+ £2,00 (1,60%)

126,75 £

+£2,00 (1,60%)

End-of-day quote: 03/31/2026

NEXT Stock Value

The current analyst rating for NEXT is Outperform.

Outperform

NEXT Company Info

EPS Growth 5Y

5,84%

Market Cap

£14,30 B

Long-Term Debt

£0,55 B

Quarterly earnings

05/02/2026 (E)

Dividend

£2,73

Dividend Yield

2,15%

Founded

1864

Industry

Consumer Discretionary

Country

United Kingdom

Website

ISIN Number

GB0032089863

Website

http://www.nextplc.co.uk

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

£150,00

18.34%

Last Update: 03/31/2026

Analysts: 19

Highest Price Target £180,00

Average Price Target £150,00

Lowest Price Target £130,30

In the last five quarters, NEXT’s Price Target has risen from £62,65 to £91,81 - a 46,54% increase. Eighteen analysts predict that NEXT’s share price will increase in the coming year, reaching £150,00. This would represent an increase of 18,34%.

Top growth stocks in the consumer discretionary sector (5Y.)

What does NEXT do?

NEXT plc is a leading British multinational clothing, footwear, and home products retailer known for offering high-quality products at accessible prices. The company operates a multifaceted business model, encompassing a variety of segments that allow it to maintain strong operational and financial disciplines. Business Segments The company operates in several business segments, which are vital to its overall structure and revenue generation. The primary segments include, Retail Division Thi...

Business Segments

The company operates in several business segments, which are vital to its overall structure and revenue generation. The primary segments include,

Retail Division

This segment encompasses the traditional store operations across various locations. The company's retail strategy is focused on providing a seamless shopping experience, integrating its digital and physical channels efficiently. The company’s stores feature an extensive range of clothing and homeware that is designed to cater to a wide demographic, ensuring that both fashion-forward and classic styles are represented.

Online Business

The digital platform constitutes a significant portion of the company’s sales, with the company investing in its website and app to enhance customer engagement and satisfaction. The online segment leverages a strong distribution network to deliver products effectively and has seen substantial growth in customer base and order frequency.

Franchise/Wholesale Opportunities

The company has developed a strategic approach to enter markets like the Americas and Asia through partnerships with local retailers. These franchise and wholesale relationships allow for reduced operational risk as local partners manage stock and pricing based on market knowledge. This model provides the company with lower trading risks while expanding its market reach.

Total Platform Services

The company offers a Total Platform service that assists third-party brands with logistics, digital commerce, and supply chain management. This service enhances the company’s operational efficiency while solidifying relationships with other brands in the retail ecosystem.

International Expansion

The company is actively pursuing growth internationally, with a notable presence in the UK and plans to expand further into Asian markets. The engagement with major US retailers like Nordstrom has shown promising signs of growth, indicating the company's potential in international markets.

Each of these segments plays a crucial role in the company’s ability to adapt to changing market conditions, driving profitable growth while maintaining its brand integrity and operational effectiveness. The breadth of services offered under the Total Platform and its retail and online divisions enhances the company's reputation as a comprehensive retailer in the fashion and home sectors.

Business Strategy

The company’s business strategy emphasizes long-term sustainable growth, rooted in the principles of quality, value, and responsible sourcing. The company focuses on enhancing customer satisfaction through continuous improvement and innovation both in product offerings and service delivery.

Key components of the company's strategy include thorough product development to create beautiful, well-designed clothing and homeware that appeals to its target demographic. The company constantly evaluates trends and customer feedback to deliver on its promise of quality at accessible prices, ensuring that the company's products stand out in a competitive market.

The company places significant emphasis on strengthening its operational capabilities. This includes enhancing its technology and distribution networks to facilitate efficient supply chain management. The objective is not just to increase efficiency but also to ensure that customers receive an extraordinary shopping experience, whether online or in physical stores. Additionally, investing in training and development for employees is crucial for fostering a work culture that prioritizes high performance and accountability.

The company is also committed to expanding its global footprint. This includes not just increasing its market share in current territories but also identifying and pursuing new market opportunities that align with the company’s brand ethos. By forming strategic partnerships and exploring franchise agreements, the company aims to lower its risk profile while amplifying its reach.

Through these multifaceted strategies, the company strives to deliver shareholder value and drive sustainable growth by adapting to consumer trends and market dynamics.

Products and Services

The company offers a broad array of products and services that cater to a diverse clientele. Here’s a detailed look at the company’s offerings,

Clothing

The primary focus of the company’s product range is fashion apparel for men, women, and children. The company provides various collections, from casual wear to formal attire, ensuring there are options available for every occasion.

Footwear

The footwear segment includes a variety of styles ranging from everyday casuals to formal shoes. Quality and comfort are paramount in the design and selection of shoes, appealing to style-conscious consumers.

Homeware

The company offers an extensive range of home products, including furniture, textiles, and decorative items. The focus is on creating stylish and functional living spaces, ensuring customers can find everything they need to furnish their homes.

Beauty Products

The company has entered the beauty sector with a curated selection of skincare and cosmetics. This expansion allows the company to cater to a newer segment of customers interested in beauty products, further enhancing the shopping experience.

Online Shopping Services

The comprehensive online platform provides customers with an intuitive shopping experience. Features such as virtual fitting rooms and tailored recommendations serve to enhance customer engagement, driving online sales growth.

The company also offers services such as NEXT Pay, a consumer credit facility that allows customers to purchase products on a flexible payment plan, enhancing affordability and access to its wide range of products.

Geographical Markets Served

The company serves several geographical markets, primarily focusing on the UK but also extending its reach internationally, especially into markets like the Americas and Asia. The company has capitalized on demand in these regions through strategic partnerships and franchising agreements.

Recently, the company has also made noteworthy acquisitions, including a majority stake in brands like Reiss and FatFace.

Seasonality

The company experiences a seasonal pattern in its sales, with peaks typically around the holiday seasons and back-to-school periods. During these times, consumers tend to spend more, driven by holiday gifting and the need for new clothing as seasons change. The company must manage inventory and marketing strategies accordingly to capitalize on these seasonal trends effectively.

Customers

The company serves a diverse customer base that spans various segments, including families, young professionals, and older adults. The company products cater to both high-fashion consumers and budget-conscious shoppers, allowing for a wide-reaching appeal. The company's robust online presence and physical stores indicate a broad customer reach across multiple demographics.

Sales and Marketing

The company employs a multifaceted approach to marketing that incorporates both traditional and digital strategies. The company utilizes social media platforms, email campaigns, and influencer partnerships to operate customers effectively. Moreover, the company’s marketing emphasizes highlighting the quality and value of its offerings, enhancing brand loyalty and engagement.

The distribution channels include a combination of physical stores, online sales through its website and app, and partnerships with local retailers through franchise agreements, allowing for a broad reach and versatile sales approach.

History

The company was founded in 1864. The company was incorporated in 2002. It was formerly known as J Hepworth & Son and changed its name to NEXT plc in 1986.

NEXT Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Clothing: approx. 70% - Household goods: approx. 20% - Other (including services): approx. 10% **TOP 3 markets and their percentage shares of total revenue:** - United Kingdom: approx. 80% - Europe: approx. 10% - Asia: approx. 5% NEXT plc generates the majori...

At which locations are the company’s products manufactured?

**Production Sites:** Mainly in Asia, especially China, Bangladesh, India, and Turkey. NEXT plc sources the majority of its products from Asian countries, where it has numerous production facilities and suppliers. These regions offer cost-effective production opportunities that enable the company t...

What strategy does NEXT pursue for future growth?

**Revenue Growth:** Estimated at 5-7% annually (2025 forecast) **Online Sales Share:** Over 60% of total revenue (2024) NEXT plc pursues a strategy that is heavily focused on digitization and expanding online commerce. The company continuously invests in its e-commerce platform to enhance user...

Which raw materials are imported and from which countries?

**Main raw materials:** Cotton, Polyester, Leather **Main importing countries:** China, Bangladesh, India, Turkey NEXT plc imports a variety of raw materials and materials needed for the production of their clothing and accessories. Cotton is one of the most important raw materials and is mainly...

How strong is the company’s competitive advantage?

**Market share in the British retail sector:** 8% (estimated 2025) **Online sales share of total revenue:** 60% (2024) **Return on equity:** 30% (2024) NEXT plc has gained a significant competitive advantage in the British retail sector, particularly through its strong online presence. With an...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approx. 80% (2025, estimated) **Insider Buys/Sells:** No significant changes (2025, estimated) NEXT plc traditionally has a high proportion of institutional investors, indicating the trust of large funds and investment companies in the stability and growth potentia...

What percentage market share does NEXT have?

**Market share of NEXT plc:** 8% (2025, estimated) **Main competitors and their market shares:** 1. **Inditex (Zara):** 12% 2. **H&M:** 10% 3. **Primark:** 9% 4. **NEXT plc:** 8% 5. **Marks & Spencer:** 7% 6. **ASOS:** 6% 7. **Boohoo:** 5% 8. **Uniqlo:** 4% 9. **JD Sports:** 3% 10. **Superd...

Is NEXT stock currently a good investment?

**Revenue Growth:** 8% (2024) **Profit Growth:** 10% (2024) **Return on Equity:** 25% (2024) **Debt Ratio:** 50% (2024) NEXT plc recorded a revenue growth of 8% and a profit growth of 10% in 2024. These growth rates indicate a solid business performance supported by strong demand for their products...

Does NEXT pay a dividend – and how reliable is the payout?

**Dividend Yield:** 3.5% (2025, estimated) **Dividend History:** Continuous payout over the last 10 years NEXT plc is known for its reliable dividend policy. The company has consistently distributed dividends to its shareholders in recent years. The estimated dividend yield for 2025 is around 3.5...

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NEXT Stock Value

NEXT Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does NEXT do?

NEXT Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

NEXT Stock Value

NEXT Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does NEXT do?

NEXT Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.