MINISO Group (NYSE:MNSO) CEO Guofu Ye Acquires 150,000 Shares

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) CEO Guofu Ye acquired 150,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the completion of the transaction, the chief executive officer owned 315,740,482 shares in the company, valued at $1,057,730,614.70. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Guofu Ye also recently made the following trade(s):

• On Friday, May 29th, Guofu Ye acquired 1,950,000 shares of MINISO Group stock. The stock was purchased at an average price of $3.28 per share, for a total transaction of $6,396,000.00.

MINISO Group Trading Down 0.5%

Shares of NYSE:MNSO opened at $13.46 on Wednesday. The company has a market cap of $4.17 billion, a PE ratio of 14.32, a P/E/G ratio of 1.28 and a beta of 0.08. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $15.04 and its 200 day moving average price is $17.70. MINISO Group Holding Limited Unsponsored ADR has a fifty-two week low of $12.30 and a fifty-two week high of $26.74.

MINISO Group (NYSE:MNSO) last released its earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.18). The company had revenue of $825.04 million for the quarter, compared to analyst estimates of $805.60 million. MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. Sell-side analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current year.

MINISO Group Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were paid a dividend of $0.3764 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a yield of 479.0%. MINISO Group’s dividend payout ratio (DPR) is presently 77.66%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MNSO. Wall Street Zen raised shares of MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. decreased their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, MINISO Group has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.

Hedge Funds Weigh In On MINISO Group

A number of institutional investors have recently modified their holdings of MNSO. Caitong International Asset Management Co. Ltd bought a new position in shares of MINISO Group in the third quarter valued at approximately $25,000. Parallel Advisors LLC increased its position in MINISO Group by 794.7% during the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after acquiring an additional 1,947 shares during the period. EverSource Wealth Advisors LLC increased its position in MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after acquiring an additional 608 shares during the period. PNC Financial Services Group Inc. increased its position in MINISO Group by 28.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after acquiring an additional 547 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in MINISO Group by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 5,087 shares of the company’s stock valued at $114,000 after buying an additional 2,948 shares during the period. Institutional investors own 17.16% of the company’s stock.

MINISO Group Company Profile

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.