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

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) VP Yunyun (Alice) Yang acquired 150,000 shares of MINISO Group stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the completion of the acquisition, the vice president directly owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This represents a 0.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 $13.28 on Thursday. MINISO Group Holding Limited Unsponsored ADR has a twelve month low of $12.30 and a twelve month high of $26.74. The firm’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $17.59. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.27 and a beta of 0.08. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.76.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.06 earnings per share 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 during the quarter, compared to analyst estimates of $805.60 million. Equities analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current fiscal year.

MINISO Group Announces Dividend

The business also recently declared a dividend, which was paid on Monday, May 4th. Investors of record on Monday, April 20th were paid a dividend of $0.3764 per share. This represents a yield of 479.0%. The ex-dividend date was Monday, April 20th. MINISO Group’s dividend payout ratio (DPR) is currently 77.66%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Long Corridor Asset Management Ltd purchased a new position in MINISO Group during the 3rd quarter worth $2,368,000. Fox Run Management L.L.C. purchased a new position in MINISO Group during the 3rd quarter worth $1,275,000. WFM ASIA BVI Ltd purchased a new position in MINISO Group during the 3rd quarter worth $35,624,000. Persistent Asset Partners Ltd purchased a new position in MINISO Group during the 3rd quarter worth $948,000. Finally, Keystone Investors PTE Ltd. grew its position in MINISO Group by 32.2% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 192,100 shares of the company’s stock worth $4,322,000 after purchasing an additional 46,800 shares during the last quarter. 17.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MNSO. 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 research note on Friday, May 29th. Wall Street Zen upgraded shares of MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Finally, Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, MINISO Group has a consensus rating of “Moderate Buy” and a consensus 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.