MINISO Group (NYSE:MNSO) VP Yunyun (Alice) Yang Buys 150,000 Shares of Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) VP Yunyun (Alice) Yang purchased 150,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $3.35 per share, with a total value of $502,500.00. Following the acquisition, the vice president directly owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. This trade represents a 0.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Yunyun (Alice) Yang also recently made the following trade(s):

• On Friday, May 29th, Yunyun (Alice) Yang purchased 1,950,000 shares of MINISO Group stock. The stock was purchased at an average price of $3.28 per share, with a total value of $6,396,000.00.

MINISO Group Stock Down 0.5%

Shares of NYSE MNSO opened at $13.46 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.14 and a current ratio of 1.53. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.28 and a beta of 0.08. The stock has a 50 day moving average price of $15.04 and a 200 day moving average price of $17.70. MINISO Group Holding Limited Unsponsored ADR has a 52-week low of $12.30 and a 52-week high of $26.74.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On MINISO Group

A number of large investors have recently made changes to their positions in MNSO. WFM ASIA BVI Ltd acquired a new position in shares of MINISO Group during the third quarter worth $35,624,000. Serenity Capital Management PTE. LTD. increased its position in shares of MINISO Group by 74.9% during the fourth quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock worth $37,959,000 after purchasing an additional 866,793 shares in the last quarter. Millennium Management LLC increased its position in shares of MINISO Group by 167.5% during the third quarter. Millennium Management LLC now owns 971,884 shares of the company’s stock worth $21,867,000 after purchasing an additional 608,544 shares in the last quarter. Tiger Pacific Capital LP acquired a new position in shares of MINISO Group during the third quarter worth $6,300,000. Finally, Marshall Wace LLP increased its position in shares of MINISO Group by 15.8% during the fourth quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock worth $37,148,000 after purchasing an additional 270,765 shares in the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

About MINISO Group

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.