ASOS (LON:ASC) Hits New 12-Month High – Time to Buy?

ASOS Plc (LON:ASC)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 456.20 ($5.74) and last traded at GBX 450.80 ($5.67), with a volume of 170454 shares. The stock had previously closed at GBX 432 ($5.44).

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Shore Capital reiterated a “hold” rating on shares of ASOS in a report on Tuesday, November 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 ($6.17) price target on shares of ASOS in a research note on Thursday, September 5th. Finally, Barclays lowered shares of ASOS to an “underweight” rating and reduced their price objective for the stock from GBX 300 ($3.78) to GBX 290 ($3.65) in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 391 ($4.92).

ASOS Stock Up 2.3 %

The company has a market capitalization of £526.29 million, a P/E ratio of -222.04, a PEG ratio of -1.26 and a beta of 2.86. The stock has a 50 day moving average price of GBX 380.16 and a 200 day moving average price of GBX 382.64. The company has a current ratio of 1.51, a quick ratio of 0.39 and a debt-to-equity ratio of 158.84.

Insiders Place Their Bets

In related news, insider Dave Murray bought 5,800 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of GBX 346 ($4.35) per share, with a total value of £20,068 ($25,252.30). Also, insider William Barker purchased 150,000 shares of ASOS stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of GBX 367 ($4.62) per share, for a total transaction of £550,500 ($692,714.23). Over the last ninety days, insiders have acquired 537,473 shares of company stock valued at $194,840,753. 51.44% of the stock is currently owned by corporate insiders.

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.