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 company’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the completion of the purchase, the chief executive officer owned 315,740,482 shares of the company’s stock, valued at approximately $1,057,730,614.70. This represents a 0.05% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 acquired at an average cost of $3.28 per share, with a total value of $6,396,000.00.

MINISO Group Stock Up 4.4%

MINISO Group stock opened at $13.55 on Tuesday. 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 firm has a market cap of $4.20 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.23 and a beta of 0.08. The business has a fifty day moving average of $15.04 and a two-hundred day moving average of $17.70. MINISO Group Holding Limited Unsponsored ADR has a twelve month low of $12.30 and a twelve month 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 company 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%. On average, analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on MNSO shares. 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 research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen upgraded shares of MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, MINISO Group has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.

Institutional Investors Weigh In On MINISO Group

Several institutional investors and hedge funds have recently made changes to their positions in MNSO. WFM ASIA BVI Ltd purchased a new stake in shares of MINISO Group during the third quarter valued at $35,624,000. Serenity Capital Management PTE. LTD. raised its stake in MINISO Group by 74.9% in the 4th quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock worth $37,959,000 after acquiring an additional 866,793 shares during the last quarter. Millennium Management LLC lifted its position in MINISO Group by 167.5% during the 3rd quarter. Millennium Management LLC now owns 971,884 shares of the company’s stock worth $21,867,000 after acquiring an additional 608,544 shares during the period. Tiger Pacific Capital LP purchased a new stake in MINISO Group during the 3rd quarter valued at about $6,300,000. Finally, Marshall Wace LLP grew its stake in MINISO Group by 15.8% during the 4th quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock valued at $37,148,000 after purchasing an additional 270,765 shares during the last quarter. 17.16% of the stock is currently 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.