Insider Buying: MINISO Group (NYSE:MNSO) CEO Buys 1,950,000 Shares of Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) CEO Guofu Ye acquired 1,950,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $3.28 per share, with a total value of $6,396,000.00. Following the acquisition, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

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

MINISO Group Stock Performance

NYSE:MNSO opened at $13.55 on Tuesday. MINISO Group Holding Limited Unsponsored ADR has a 52 week low of $12.30 and a 52 week high of $26.74. The company has a fifty day simple moving average of $15.04 and a two-hundred day simple moving average of $17.70. 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 company has a market cap of $4.20 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.23 and a beta of 0.08.

MINISO Group (NYSE:MNSO) last released its 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). MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. The company had revenue of $825.04 million during the quarter, compared to analysts’ expectations of $805.60 million. As a group, equities 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 company also recently announced a dividend, which was paid on Monday, May 4th. Investors of record on Monday, April 20th were issued a $0.3764 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a yield of 479.0%. MINISO Group’s dividend payout ratio (DPR) is 77.66%.

Hedge Funds Weigh In On MINISO Group

A number of hedge funds and other institutional investors have recently made changes to their positions in MNSO. Caitong International Asset Management Co. Ltd acquired a new position in shares of MINISO Group in the third quarter valued at approximately $25,000. Parallel Advisors LLC increased its position in MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after purchasing an additional 1,947 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after buying an additional 608 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after buying an additional 547 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in MINISO Group by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 5,087 shares of the company’s stock worth $114,000 after acquiring an additional 2,948 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

Analyst Ratings Changes

MNSO has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their target price on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MINISO Group presently 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.