ASOS (LON:ASC) Insider Purchases £170,610 in Stock

ASOS Plc (LON:ASC) insider William Barker bought 62,040 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average price of GBX 275 per share, for a total transaction of £170,610.

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

• On Tuesday, December 30th, William Barker purchased 4,344 shares of ASOS stock. The stock was bought at an average price of GBX 276 per share, with a total value of £11,989.44.
• On Friday, January 2nd, William Barker acquired 5,527 shares of ASOS stock. The shares were bought at an average price of GBX 278 per share, for a total transaction of £15,365.06.

ASOS Stock Performance

Shares of ASC opened at GBX 295.78 on Thursday. The stock’s 50-day simple moving average is GBX 255.57 and its 200 day simple moving average is GBX 280.32. The stock has a market capitalization of £353.28 million, a price-to-earnings ratio of -1.18, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. ASOS Plc has a 52-week low of GBX 215 and a 52-week high of GBX 445.40.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ASC shares. Shore Capital restated a “buy” rating and issued a GBX 400 target price on shares of ASOS in a research note on Thursday, December 4th. Peel Hunt reaffirmed an “add” rating and issued a GBX 335 target price on shares of ASOS in a research note on Thursday, November 13th. JPMorgan Chase & Co. cut their price target on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating for the company in a research note on Monday, November 24th. Panmure Gordon reissued a “hold” rating and issued a GBX 350 price target on shares of ASOS in a report on Monday, November 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 600 price objective on shares of ASOS in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus 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.