Insider Buying: MINISO Group (NYSE:MNSO) VP Purchases $502,500.00 in Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) VP Yunyun (Alice) Yang purchased 150,000 shares of the company’s stock in a transaction dated 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 completion of the purchase, the vice president directly owned 315,740,482 shares in the company, valued at $1,057,730,614.70. The trade was a 0.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

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

MINISO Group Price Performance

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. The stock has a market cap of $4.12 billion, a PE ratio of 14.17, a PEG ratio of 1.25 and a beta of 0.08. MINISO Group Holding Limited Unsponsored ADR has a 12-month low of $12.30 and a 12-month high of $26.74. The business has a 50-day simple moving average of $14.85 and a two-hundred 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 EPS for the quarter, missing analysts’ consensus estimates 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. Analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The firm 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. This represents a yield of 479.0%. The ex-dividend date of this dividend was Monday, April 20th. MINISO Group’s payout ratio is presently 77.66%.

Institutional Investors Weigh In On MINISO Group

Institutional investors have recently modified their holdings of the company. Long Corridor Asset Management Ltd bought a new position in MINISO Group during the third quarter worth $2,368,000. Fox Run Management L.L.C. bought a new stake in MINISO Group during the third quarter valued at $1,275,000. WFM ASIA BVI Ltd acquired a new stake in MINISO Group during the 3rd quarter worth about $35,624,000. Persistent Asset Partners Ltd acquired a new stake in MINISO Group during the 3rd quarter worth about $948,000. Finally, Keystone Investors PTE Ltd. raised its position in shares of MINISO Group by 32.2% in the 3rd quarter. Keystone Investors PTE Ltd. now owns 192,100 shares of the company’s stock worth $4,322,000 after acquiring an additional 46,800 shares in the last quarter. 17.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research report on Friday, March 27th. Finally, Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.73.

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.