MINISO Group (NYSE:MNSO) VP Buys $6,396,000.00 in Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) VP Yunyun (Alice) Yang acquired 1,950,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $3.28 per share, with a total value of $6,396,000.00. Following the completion of the transaction, the vice president directly owned 315,590,482 shares in the company, valued at approximately $1,035,136,780.96. This trade represents a 0.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 1st, Yunyun (Alice) Yang acquired 150,000 shares of MINISO Group stock. The shares were acquired at an average price of $3.35 per share, with a total value of $502,500.00.

MINISO Group Stock Up 0.3%

Shares of MINISO Group stock opened at $13.32 on Friday. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 1.25 and a beta of 0.08. 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 52-week low of $12.30 and a 52-week high of $26.74. The stock has a 50-day simple moving average of $14.85 and a 200-day simple moving average of $17.53.

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 the consensus estimate of $0.24 by ($0.18). The firm 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%. On average, equities research analysts expect that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently declared 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 was Monday, April 20th. MINISO Group’s payout ratio is currently 77.66%.

Institutional Investors Weigh In On MINISO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in MNSO. Royal Bank of Canada lifted its holdings in MINISO Group by 66.4% in the 1st quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock worth $498,000 after purchasing an additional 10,747 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in MINISO Group by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company’s stock worth $5,832,000 after purchasing an additional 5,086 shares during the last quarter. Creative Planning lifted its holdings in MINISO Group by 45.1% in the 2nd quarter. Creative Planning now owns 16,662 shares of the company’s stock worth $304,000 after purchasing an additional 5,177 shares during the last quarter. American Century Companies Inc. lifted its holdings in MINISO Group by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock worth $2,427,000 after purchasing an additional 595 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after purchasing an additional 608 shares during the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MNSO shares. Weiss Ratings reiterated 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, May 30th. JPMorgan Chase & Co. reduced their price target on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, MINISO Group presently has an average rating of “Moderate Buy” and a consensus target price of $21.73.

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.