NXT LSE Week ended 24 Jul 2026

Weekly Investor Report

NEXT plc · Consumer Cyclical · Apparel Retail

Latest close 14,785 GBP
-0.6% latest week
Weekly setup

Constructive, but selective

The weekly trend is active. Price is 9.8% above the Trend Line and sits at 72.1% of its 52-week range. The latest completed week returned -0.6%, after a 2.4% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is expensive relative to peers. The latest news-sentiment score is 50/100.

Setup score 57 out of 100
Latest Close 14,785 GBP 24 Jul 2026
1W Return -0.6% latest completed week
4W Return 2.4% short-term follow-through
12W Return 13.7% quarterly tape
Trend Breadth 65.4% 34 of 52 weeks active
Volume Ratio 1.0x vs 13-week average
What is working
  • The trend backdrop is active with a 4-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • 2 reversal markers appear in the recent smart-money tape.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 9.8% above the Trend Line and sits at 72.1% of its 52-week range. The latest completed week returned -0.6%, after a 2.4% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 1.0x the 13-week average. Participation is around or above normal and provides reasonable confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.6812-week average 0.46

12-week confirmation

Trend active4/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure11/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership7/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.68Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers22 reversal markers

No recent accumulation markers. 2 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 2.4% over four weeks, 13.7% over 12 weeks, and 21.3% over one year. The current trend has remained active for 4 consecutive weeks.

Performance by holding period

1W-0.6%
4W2.4%
12W13.7%
26W10.0%
52W21.3%
Active trend streak4 weeks
Active weeks in one year34
Trend breadth65.4%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure1.24Latest activity-pressure read.
Pressure change89.2%Four-week change in activity pressure.
Leadership3.78Latest relative-leadership reading.
RS change3.2%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is expensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Jan 2026 Field coverage 91% Model confidence 79%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength50/100Blend of value, momentum, and quality. Underlying universe rank 51; rank 1 is best.
Value6/100Relative valuation strength. Underlying universe rank 95; rank 1 is best.
Quality99/100Profitability and accounting quality. Underlying universe rank 2; rank 1 is best.
Momentum89/100Medium-term price momentum. Underlying universe rank 12; rank 1 is best.
Growth90/100Revenue and earnings growth. Underlying universe rank 11; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Value-quality framework48/100Value and quality alignment from the Sharemaestro SVQF framework.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
19.0x
Price divided by trailing earnings.
Price / sales
2.4x
Market value relative to trailing revenue.
EV / EBITDA
11.5x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
5.7%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
44.1%
Gross profit retained from each unit of revenue.
Operating margin
18.5%
Operating profit retained from revenue.
Free-cash-flow margin
15.4%
Free cash flow generated from revenue.
Return on invested capital
28.4%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
12.8%
Latest one-year revenue growth.
EPS growth
21.2%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
8.8%
Latest one-year free-cash-flow growth.
Piotroski F-score
8/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
4.2%
Cash dividends relative to market value.
Buyback yield
3.3%
Net share repurchases relative to market value.
Shareholder yield
7.5%
Dividend yield plus net buyback yield.
Net debt / EBITDA
1.1x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment50/100

Weighted news tone is neutral across 2 relevant articles.

0 positive · 2 neutral · 0 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-8.6%Distance below the 52-week high.
13-week volatility2.9%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher15 of 2611 weeks finished lower.
Best week+5.9%Week of 12 Jun.
Worst week-5.6%Week of 15 May.
Latest week-0.6%Week of 24 Jul.

Shape of recent returns

Strong gains4
Modest gains11
Flat weeks0
Modest losses9
Sharp losses2
Recent vol2.9%13-week weekly-return volatility.
Base vol3.0%52-week weekly-return volatility.
Up/down split28/24Count of positive and negative weeks in the 52-week window.
Average skew2.6% / -2.2%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

IndustryGB Apparel Retail
4-week rank3 / 3
Group average12.6%
Trend breadth66.7%
Trend66.7%active weekly trend signals
MD100.0%positive activity pressure
RS66.7%positive relative leadership

Four-week leaders

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 202614,785 GBP-0.6%13,463 GBP10,710 GBP1.243.781.8MOn
17 Jul 202614,875 GBP1.6%13,421 GBP10,661 GBP1.205.811.2MOn
10 Jul 202614,640 GBP0.2%13,379 GBP10,612 GBP1.075.221.8MOn
3 Jul 202614,610 GBP1.2%13,337 GBP10,562 GBP0.933.261.0MOn
26 Jun 202614,435 GBP3.4%13,319 GBP10,511 GBP0.663.661.4MOff
19 Jun 202613,966 GBP-2.0%13,308 GBP10,463 GBP0.411.631.2MOff
12 Jun 202614,247 GBP5.9%13,307 GBP10,416 GBP0.232.52257.4KOff
5 Jun 202613,457 GBP1.8%13,303 GBP10,366 GBP-0.05-2.32201.0KOff
29 May 202613,213 GBP0.9%13,330 GBP10,321 GBP0.00-4.692.2MOff
22 May 202613,093 GBP5.1%13,366 GBP10,278 GBP0.05-6.342.3MOff
15 May 202612,453 GBP-5.6%13,378 GBP10,235 GBP0.04-8.852.8MOff
8 May 202613,188 GBP1.4%13,403 GBP10,197 GBP0.09-4.152.9MOff
1 May 202613,003 GBP-1.9%13,379 GBP10,156 GBP-0.10-6.884.4MOff
24 Apr 202613,250 GBP-1.4%13,359 GBP10,116 GBP-0.32-5.502.7MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.