MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) saw strong trading volume on Thursday . 591,149 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 563,196 shares.The stock last traded at $12.4040 and had previously closed at $12.50.
Analyst Upgrades and Downgrades
Several brokerages recently commented on MNSO. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. JPMorgan Chase & Co. decreased their price objective on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Zacks Research cut shares of MINISO Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. Finally, Weiss Ratings cut shares of MINISO Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.73.
MINISO Group Trading Down 1.5%
MINISO Group (NYSE:MNSO – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.17). 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 analyst estimates of $805.60 million. As a group, research analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.12 earnings per share for the current fiscal year.
Insider Buying and Selling at MINISO Group
In related news, VP Yunyun (Alice) Yang purchased 150,000 shares of MINISO Group stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the acquisition, the vice president directly owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. The trade was a 0.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Guofu Ye purchased 150,000 shares of MINISO Group stock in a transaction dated Monday, June 1st. The shares were bought at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the acquisition, the chief executive officer owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. This trade represents a 0.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 4,200,000 shares of company stock valued at $13,797,000. 73.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On MINISO Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in MINISO Group in the 3rd quarter valued at about $25,000. Parallel Advisors LLC increased its holdings in shares of MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after buying an additional 1,947 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 during the last quarter. PNC Financial Services Group Inc. raised its position in shares of 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 buying an additional 547 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of MINISO Group during the 4th quarter valued at approximately $126,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.
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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