MINISO Group Holding Limited Unsponsored ADR $MNSO Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its stake in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) by 22.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 274,955 shares of the company’s stock after selling 77,516 shares during the period. Legal & General Group Plc’s holdings in MINISO Group were worth $5,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its position in MINISO Group by 70.6% during the 4th quarter. Hantz Financial Services Inc. now owns 8,680 shares of the company’s stock worth $163,000 after acquiring an additional 3,593 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of MINISO Group by 44.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,591 shares of the company’s stock valued at $67,000 after purchasing an additional 1,111 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of MINISO Group by 8.5% in the 4th quarter. GSA Capital Partners LLP now owns 113,895 shares of the company’s stock valued at $2,136,000 after purchasing an additional 8,918 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of MINISO Group by 1.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 673,402 shares of the company’s stock valued at $12,626,000 after purchasing an additional 12,315 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of MINISO Group in the 4th quarter valued at approximately $199,000. 17.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MINISO Group

In related news, VP Yunyun (Alice) Yang bought 150,000 shares of MINISO Group stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $3.35 per share, with a total value of $502,500.00. Following the completion of the acquisition, the vice president directly owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This trade represents a 0.05% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Guofu Ye bought 150,000 shares of MINISO Group stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $3.35 per share, with a total value of $502,500.00. Following the completion of the acquisition, the chief executive officer owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. The trade was a 0.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 4,200,000 shares of company stock valued at $13,797,000. 73.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MNSO. JPMorgan Chase & Co. cut their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Wall Street Zen raised MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.

MINISO Group Price Performance

Shares of MNSO opened at $12.95 on Monday. The company has a market cap of $4.01 billion, a P/E ratio of 13.77, a PEG ratio of 1.22 and a beta of 0.08. The stock has a fifty day moving average price of $14.78 and a 200 day moving average price of $17.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.14. MINISO Group Holding Limited Unsponsored ADR has a 12 month low of $12.30 and a 12 month high of $26.74.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.18). MINISO Group had a return on equity of 18.98% and a net margin of 9.03%.The business had revenue of $825.04 million during the quarter, compared to the consensus estimate of $805.60 million. On average, research analysts forecast 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. Stockholders of record on Monday, April 20th were issued a dividend of $0.3764 per share. This represents a dividend yield of 479.0%. The ex-dividend date of this dividend was Monday, April 20th. MINISO Group’s dividend payout ratio is currently 77.66%.

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.