MINISO Group (NYSE:MNSO) CEO Purchases $6,396,000.00 in Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) CEO Guofu Ye acquired 1,950,000 shares of MINISO Group stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $3.28 per share, for a total transaction of $6,396,000.00. Following the purchase, the chief executive officer owned 315,590,482 shares of the company’s stock, valued at approximately $1,035,136,780.96. This represents a 0.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, June 1st, Guofu Ye acquired 150,000 shares of MINISO Group stock. The stock was acquired at an average cost of $3.35 per share, for a total transaction of $502,500.00.

MINISO Group Trading Up 0.3%

Shares of MNSO opened at $13.32 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76. MINISO Group Holding Limited Unsponsored ADR has a 12-month low of $12.30 and a 12-month high of $26.74. The firm has a market capitalization of $4.12 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.25 and a beta of 0.08. The stock’s fifty day simple moving average is $14.85 and its 200-day simple moving average is $17.53.

MINISO Group (NYSE:MNSO) last issued 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 net margin of 9.03% and a return on equity of 18.98%. The firm had revenue of $825.04 million for the quarter, compared to analyst estimates of $805.60 million. As a group, research analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current year.

MINISO Group Announces Dividend

The company also recently declared a dividend, which was paid on Monday, May 4th. Stockholders of record on Monday, April 20th were paid 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 77.66%.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in MINISO Group by 794.7% in the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after purchasing an additional 1,947 shares during the last quarter. Renaissance Technologies LLC bought a new stake in MINISO Group in the first quarter valued at about $478,000. XY Capital Ltd bought a new stake in MINISO Group in the first quarter valued at about $2,841,000. PNC Financial Services Group Inc. increased its holdings in MINISO Group by 34.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock valued at $78,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of MINISO Group by 243.5% in the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock worth $4,844,000 after acquiring an additional 211,587 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

Analysts Set New Price Targets

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