Guofu Ye Buys 1,950,000 Shares of MINISO Group (NYSE:MNSO) Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) CEO Guofu Ye purchased 1,950,000 shares of MINISO Group stock in a transaction that occurred on 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 acquisition, the chief executive officer owned 315,590,482 shares in the company, valued at $1,035,136,780.96. This trade represents a 0.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

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

MINISO Group Price Performance

MNSO opened at $13.28 on Thursday. 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 stock has a market capitalization of $4.11 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.27 and a beta of 0.08. The stock’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 52-week low of $12.30 and a 52-week high of $26.74.

MINISO Group (NYSE:MNSO) last released its quarterly 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). 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 the consensus estimate of $805.60 million. On average, equities research analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current 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 given a dividend of $0.3764 per share. The ex-dividend date was Monday, April 20th. This represents a dividend yield of 479.0%. MINISO Group’s payout ratio is currently 77.66%.

Institutional Trading of MINISO Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its holdings in shares of MINISO Group by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock worth $344,000 after acquiring an additional 498 shares during the period. PNC Financial Services Group Inc. increased its position in MINISO Group by 28.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after acquiring an additional 547 shares during the last quarter. American Century Companies Inc. lifted its holdings in MINISO Group by 0.4% in the second quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock valued at $2,427,000 after acquiring an additional 595 shares during the period. EverSource Wealth Advisors LLC boosted its position in MINISO Group by 37.6% in 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 during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of MINISO Group by 1.4% during the 4th quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock valued at $804,000 after purchasing an additional 609 shares during the period. Hedge funds and other institutional investors own 17.16% of the company’s stock.

Analysts Set New Price Targets

MNSO has been the topic of several research reports. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. lowered their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.