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

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) VP Yunyun (Alice) Yang bought 1,950,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $3.28 per share, for a total transaction of $6,396,000.00. Following the transaction, the vice president owned 315,590,482 shares in the company, valued at approximately $1,035,136,780.96. The trade was a 0.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 bought at an average cost of $3.35 per share, for a total transaction of $502,500.00.

MINISO Group Stock Performance

NYSE MNSO opened at $13.28 on Thursday. The company has a market cap of $4.11 billion, a P/E ratio of 14.12, a P/E/G ratio of 1.27 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. The business’s 50 day moving average price is $14.92 and its 200-day moving average price is $17.59. MINISO Group Holding Limited Unsponsored ADR has a fifty-two week low of $12.30 and a fifty-two week high of $26.74.

MINISO Group (NYSE:MNSO) last released its earnings results on Friday, May 15th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.18). The company had revenue of $825.04 million for the quarter, compared to the consensus estimate of $805.60 million. MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. Sell-side 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 firm also recently disclosed a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were given a $0.3764 dividend. This represents a yield of 479.0%. The ex-dividend date of this dividend was Monday, April 20th. MINISO Group’s dividend payout ratio 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. Royal Bank of Canada grew its position in shares of MINISO Group by 66.4% during the 1st quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock worth $498,000 after buying an additional 10,747 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of MINISO Group by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company’s stock worth $5,832,000 after buying an additional 5,086 shares in the last quarter. Creative Planning grew its position in shares of MINISO Group by 45.1% during the 2nd quarter. Creative Planning now owns 16,662 shares of the company’s stock worth $304,000 after buying an additional 5,177 shares in the last quarter. American Century Companies Inc. grew its position in shares of MINISO Group by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock worth $2,427,000 after buying an additional 595 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after buying an additional 608 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

Analyst Ratings Changes

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