MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) CEO Guofu Ye acquired 1,950,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of $3.28 per share, for a total transaction of $6,396,000.00. Following the purchase, the chief executive officer 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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 bought at an average price of $3.35 per share, for a total transaction of $502,500.00.
MINISO Group Stock Performance
MNSO stock opened at $13.46 on Wednesday. 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 capitalization of $4.17 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 1.28 and a beta of 0.08. MINISO Group Holding Limited Unsponsored ADR has a 12 month low of $12.30 and a 12 month high of $26.74. The firm has a 50 day moving average of $15.04 and a two-hundred day moving average of $17.70.
MINISO Group Announces Dividend
The firm also recently announced 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 payout ratio is currently 77.66%.
Analysts Set New Price Targets
Several analysts have commented on the stock. 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. decreased their price objective on shares of 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. Finally, Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.73.
Read Our Latest Analysis on MNSO
Institutional Trading of MINISO Group
Several large investors have recently modified their holdings of MNSO. Caitong International Asset Management Co. Ltd bought a new stake in shares of MINISO Group during the 3rd quarter worth $25,000. Parallel Advisors LLC raised its stake in MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after purchasing an additional 1,947 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after purchasing an additional 608 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in MINISO Group by 28.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after purchasing an additional 547 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in MINISO Group by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,087 shares of the company’s stock valued at $114,000 after purchasing an additional 2,948 shares during the last quarter. 17.16% of the stock is owned by institutional investors.
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.
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