MINISO Group (NYSE:MNSO) VP Yunyun (Alice) Yang Purchases 1,950,000 Shares of Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) VP Yunyun (Alice) Yang bought 1,950,000 shares of the stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $3.28 per share, for a total transaction of $6,396,000.00. Following the completion of the purchase, the vice president directly owned 315,590,482 shares in the company, valued at approximately $1,035,136,780.96. This trade represents a 0.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, June 1st, Yunyun (Alice) Yang bought 150,000 shares of MINISO Group stock. The shares were acquired at an average price of $3.35 per share, for a total transaction of $502,500.00.

MINISO Group Trading Down 0.5%

Shares of MINISO Group stock opened at $13.46 on Wednesday. MINISO Group Holding Limited Unsponsored ADR has a 52-week low of $12.30 and a 52-week high of $26.74. The stock’s 50-day simple moving average is $15.04 and its 200 day simple moving average is $17.70. The stock has a market capitalization of $4.17 billion, a P/E ratio of 14.32, a P/E/G ratio of 1.28 and a beta of 0.08. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.14 and a current ratio of 1.53.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data 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 firm had revenue of $825.04 million during the quarter, compared to the consensus estimate of $805.60 million. As a group, research analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current year.

MINISO Group Dividend Announcement

The business 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%.

Analyst Upgrades and Downgrades

MNSO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Wall Street Zen raised MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research raised 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of MINISO Group during the third quarter worth about $25,000. Parallel Advisors LLC grew its holdings in shares of MINISO Group by 794.7% during the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after purchasing an additional 1,947 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after purchasing an additional 608 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after buying an additional 547 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake 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 buying an additional 2,948 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

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.