Insider Buying: ASOS (LON:ASC) Insider Buys 89,691 Shares of Stock

ASOS Plc (LON:ASC) insider William Barker purchased 89,691 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of GBX 229 per share, for a total transaction of £205,392.39.

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

• On Thursday, May 28th, William Barker purchased 15,779 shares of ASOS stock. The stock was bought at an average price of GBX 258 per share, for a total transaction of £40,709.82.
• On Thursday, April 23rd, William Barker purchased 1,627,693 shares of ASOS stock. The stock was bought at an average price of GBX 235 per share, for a total transaction of £3,825,078.55.

ASOS Stock Up 5.2%

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

ASOS (LON:ASC) last announced its quarterly 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 return on equity of 155.17% and a negative net margin of 10.10%. Analysts predict that ASOS Plc will post 12.4165252 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on ASC shares. JPMorgan Chase & Co. boosted their price target on shares of ASOS from GBX 240 to GBX 285 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Shore Capital Group reiterated a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft upped 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. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 price target on shares of ASOS in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 364.33.

ASOS Company Profile

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.