Insider Buying: ASOS (LON:ASC) Insider Acquires 15,779 Shares of Stock

ASOS Plc (LON:ASC) insider William Barker acquired 15,779 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of GBX 258 per share, for a total transaction of £40,709.82.

William Barker also recently made the following trade(s):

• On Tuesday, May 26th, William Barker acquired 89,691 shares of ASOS stock. The stock was purchased at an average cost of GBX 229 per share, for a total transaction of £205,392.39.
• On Thursday, April 23rd, William Barker acquired 1,627,693 shares of ASOS stock. The stock was purchased at an average cost of GBX 235 per share, for a total transaction of £3,825,078.55.

ASOS Trading Up 5.2%

Shares of LON:ASC opened at GBX 278.66 on Friday. ASOS Plc has a 52 week low of GBX 206.50 and a 52 week high of GBX 375.30. The company’s 50 day moving average is GBX 229.63 and its two-hundred day moving average is GBX 258.25. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. The company has a market cap of £333.41 million, a PE ratio of -1.44, a P/E/G ratio of -1.26 and a beta of 2.22.

ASOS (LON:ASC) last posted its earnings results on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. The company had revenue of GBX 111.60 billion during the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. Equities analysts predict that ASOS Plc will post 12.4165252 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ASC. Shore Capital Group reaffirmed a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. increased their target price on shares of ASOS from GBX 240 to GBX 285 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASOS presently has an average rating of “Moderate Buy” and a consensus target price of GBX 364.33.

About ASOS

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.