Next plc Cuts Share Count with Fresh £12.7k-a-Share Buyback

The latest update is out from Next plc ( (GB:NXT) ).

Next plc has repurchased 39,321 of its 10p ordinary shares for cancellation under an existing irrevocable, non-discretionary buyback programme announced on 12 February 2026. The shares were bought via UBS across several trading venues at a volume-weighted average price of 12,700.5303p, reducing the company’s registered share capital to 122,006,449 shares with no treasury holdings.

The buyback tightens Next’s free float and may enhance earnings per share, underlining management’s continued use of share repurchases as a tool for capital return. The updated share count also provides a new reference for investors assessing disclosure thresholds under the FCA’s transparency rules, with all remaining shares carrying equal voting rights.

The most recent analyst rating on (GB:NXT) stock is a Buy with a £16000.00 price target. To see the full list of analyst forecasts on Next plc stock, see the GB:NXT Stock Forecast page.

Spark’s Take on GB:NXT Stock

According to Spark, TipRanks’ AI Analyst, GB:NXT is a Outperform.

Next plc’s strong financial performance and positive technical indicators are the primary drivers of its stock score. While the valuation is fair, recent corporate events provide a mixed impact, with positive actions like share acquisitions and land sales being offset by significant executive share sales.

To see Spark’s full report on GB:NXT stock, click here.

More about Next plc

Next plc is a UK-based retailer focused on clothing, footwear, accessories and home products, primarily operating through its high street stores and online platforms. The company targets mainstream fashion consumers in the UK and internationally, and is a constituent of the London Stock Exchange with an active capital management policy.

Average Trading Volume: 455,245

Technical Sentiment Signal: Buy

Current Market Cap: £14.74B

For an in-depth examination of NXT stock, go to TipRanks’ Overview page.