Insider Buying: ASOS Plc (LON:ASC) Insider Acquires 150,000 Shares of Stock

ASOS Plc (LON:ASC) insider William Barker purchased 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of GBX 367 ($4.60) per share, for a total transaction of £550,500 ($690,109.06).

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

• On Monday, November 18th, William Barker acquired 381,673 shares of ASOS stock. The stock was acquired at an average cost of GBX 361 ($4.53) per share, with a total value of £1,377,839.53 ($1,727,265.30).

ASOS Stock Performance

ASOS stock opened at GBX 363.60 ($4.56) on Friday. ASOS Plc has a 12-month low of GBX 328.84 ($4.12) and a 12-month high of GBX 453.80 ($5.69). The company has a debt-to-equity ratio of 158.84, a current ratio of 1.51 and a quick ratio of 0.39. The company has a market capitalization of £433.08 million, a price-to-earnings ratio of -182.71, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The firm’s fifty day moving average price is GBX 396.03 and its 200 day moving average price is GBX 377.44.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ASC. Barclays lowered shares of ASOS to an “underweight” rating and reduced their target price for the company from GBX 300 ($3.76) to GBX 290 ($3.64) in a report on Monday, September 9th. Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.14) price objective on shares of ASOS in a research note on Thursday, September 5th. Finally, Shore Capital reiterated a “hold” rating on shares of ASOS in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, ASOS has a consensus rating of “Hold” and an average price target of GBX 391 ($4.90).

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.