ASOS plc (LON:ASC) Insider Purchases 1,800 Shares

ASOS plc (LON:ASC) insider Luke Jensen acquired 1,800 shares of the stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of GBX 2,773 ($36.48) per share, for a total transaction of £49,914 ($65,659.04).

ASC traded up GBX 68 ($0.89) during trading on Friday, hitting GBX 2,820 ($37.10). The company’s stock had a trading volume of 240,293 shares, compared to its average volume of 293,510. The company has a quick ratio of 0.11, a current ratio of 0.83 and a debt-to-equity ratio of 92.82. The stock has a market capitalization of $2.81 billion and a price-to-earnings ratio of 52.91. The firm’s 50 day moving average price is GBX 2,221.30 and its two-hundred day moving average price is GBX 2,766.28. ASOS plc has a 12 month low of GBX 975.20 ($12.83) and a 12 month high of GBX 3,773 ($49.63).

ASOS (LON:ASC) last announced its earnings results on Tuesday, April 7th. The company reported GBX 27.60 ($0.36) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 5.80 ($0.08) by GBX 21.80 ($0.29). On average, sell-side analysts forecast that ASOS plc will post 8097.000577 earnings per share for the current year.

A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of ASOS to an “equal weight” rating and decreased their price target for the stock from GBX 2,000 ($26.31) to GBX 1,650 ($21.70) in a research note on Tuesday, May 12th. Citigroup reissued a “buy” rating on shares of ASOS in a research report on Thursday, April 9th. Liberum Capital reaffirmed a “sell” rating on shares of ASOS in a report on Wednesday, April 8th. Sanford C. Bernstein reiterated a “neutral” rating and issued a GBX 2,650 ($34.86) price objective on shares of ASOS in a research note on Tuesday, May 5th. Finally, Goldman Sachs Group raised their target price on ASOS from GBX 2,800 ($36.83) to GBX 3,600 ($47.36) and gave the stock a “buy” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 3,106.88 ($40.87).

ASOS Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website,, as well as through social media platforms and magazines.

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