MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) VP Yunyun (Alice) Yang bought 1,950,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $3.28 per share, for a total transaction of $6,396,000.00. Following the completion of the transaction, the vice president owned 315,590,482 shares of the company’s stock, valued at approximately $1,035,136,780.96. The trade was a 0.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Yunyun (Alice) Yang also recently made the following trade(s):
- On Monday, June 1st, Yunyun (Alice) Yang 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 Price Performance
Shares of NYSE MNSO opened at $13.55 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76. MINISO Group Holding Limited Unsponsored ADR has a fifty-two week low of $12.30 and a fifty-two week high of $26.74. The business has a 50 day moving average price of $15.04 and a two-hundred day moving average price of $17.70. The firm has a market cap of $4.20 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.23 and a beta of 0.08.
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 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 is currently 77.66%.
Wall Street Analyst Weigh In
MNSO has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped 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 report on Friday. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Wall Street Zen raised MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Three research 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.
Read Our Latest Stock Analysis on MNSO
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new position in MINISO Group during the 3rd quarter worth $25,000. Parallel Advisors LLC boosted 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 valued at $36,000 after acquiring an additional 1,947 shares during the period. EverSource Wealth Advisors LLC grew its position 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 acquiring an additional 608 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of MINISO Group by 28.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after acquiring an additional 547 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in MINISO Group by 137.8% in 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. Institutional investors and hedge funds 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.
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