Shore Capital Group Reiterates “Buy” Rating for ASOS (LON:ASC)

ASOS (LON:ASC)‘s stock had its “buy” rating restated by investment analysts at Shore Capital Group in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 price target on shares of ASOS in a research report on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating and two have issued 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 352.67.

ASOS Stock Up 3.4%

ASOS stock opened at GBX 258.50 on Thursday. The business has a 50 day simple moving average of GBX 242.72 and a 200-day simple moving average of GBX 259.20. ASOS has a 12 month low of GBX 206.50 and a 12 month high of GBX 375.30. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. The stock has a market capitalization of £308.75 million, a PE ratio of -1.03, a price-to-earnings-growth ratio of -1.26 and a beta of 2.25.

ASOS (LON:ASC) last posted its earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share (EPS) for the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%.The firm had revenue of GBX 111.60 billion for the quarter. On average, analysts anticipate that ASOS will post 12.4165252 EPS for the current fiscal year.

Insider Buying and Selling at ASOS

In other ASOS news, insider William Barker bought 1,627,693 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were acquired at an average price of GBX 235 per share, with a total value of £3,825,078.55. Company insiders own 18.40% of the company’s stock.

More ASOS News

Here are the key news stories impacting ASOS this week:

• Positive Sentiment: Insider buying: Director William Barker purchased 1,627,693 shares at GBX 235 (≈£3.83m total), signaling management confidence and providing a tangible bullish signal for investors.
• Positive Sentiment: Broker support: Berenberg reaffirmed a “buy” rating with a GBX 600 target and Shore Capital also reaffirmed a “buy” — these upgrades/reaffirmations can lift sentiment and attract demand from institutional and retail buyers. Broker Views More Broker Views
• Positive Sentiment: Media/turnaround narrative: Investors Chronicle reports ASOS’s turnaround is gathering pace as losses narrow — a narrative that supports continued multiple expansion if management sustains margin improvement. Article: Asos turnaround gathers pace as losses narrow
• Negative Sentiment: Quarterly results remain loss-making: ASOS reported GBX (109.90) EPS and a negative net margin of 12.11% with ROE -111.93%, despite GBX 111.60bn revenue — the persistent losses and weak profitability keep financial risk elevated. Conference call and slide deck available for details. Earnings Transcript Slide Deck

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.