Insider Buying: ASOS (LON:ASC) Insider Buys 4,344 Shares of Stock

ASOS Plc (LON:ASC) insider William Barker acquired 4,344 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was acquired at an average price of GBX 276 per share, with a total value of £11,989.44.

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

• On Wednesday, December 31st, William Barker acquired 62,040 shares of ASOS stock. The stock was bought at an average price of GBX 275 per share, with a total value of £170,610.
• On Friday, January 2nd, William Barker purchased 5,527 shares of ASOS stock. The shares were bought at an average cost of GBX 278 per share, for a total transaction of £15,365.06.

ASOS Price Performance

ASC opened at GBX 283.53 on Monday. The company has a fifty day simple moving average of GBX 253.53 and a 200 day simple moving average of GBX 280.42. The firm has a market cap of £338.65 million, a price-to-earnings ratio of -1.13, a PEG ratio of -1.26 and a beta of 2.86. ASOS Plc has a twelve month low of GBX 215 and a twelve month high of GBX 445.40. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55.

ASOS (LON:ASC) last posted its earnings results on Friday, November 21st. The company reported GBX (250.10) EPS for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. Equities research analysts expect that ASOS Plc will post 12.4165252 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ASC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a research report on Friday, November 21st. JPMorgan Chase & Co. dropped their price target on ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Panmure Gordon restated a “hold” rating and set a GBX 350 price target on shares of ASOS in a report on Monday, November 24th. Shore Capital reaffirmed a “buy” rating and issued a GBX 400 price target on shares of ASOS in a report on Thursday, December 4th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 600 price target on shares of ASOS in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 383.33.

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.