Guofu Ye Purchases 150,000 Shares of MINISO Group (NYSE:MNSO) Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSOGet Free Report) CEO Guofu Ye acquired 150,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were acquired at an average price of $3.35 per share, with a total value of $502,500.00. Following the completion of the purchase, the chief executive officer owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. This trade represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, May 29th, Guofu Ye acquired 1,950,000 shares of MINISO Group stock. The shares were acquired at an average price of $3.28 per share, with a total value of $6,396,000.00.

MINISO Group Price Performance

Shares of MNSO stock opened at $13.28 on Thursday. The company 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 firm has a fifty day simple moving average of $14.92 and a 200-day simple moving average of $17.59. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.76. MINISO Group Holding Limited Unsponsored ADR has a twelve month low of $12.30 and a twelve month high of $26.74.

MINISO Group (NYSE:MNSOGet Free Report) last announced 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 firm had revenue of $825.04 million during the quarter, compared to analysts’ expectations of $805.60 million. MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. Equities research analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The company also recently announced a dividend, which was paid on Monday, May 4th. Stockholders of record on Monday, April 20th were paid a $0.3764 dividend. The ex-dividend date was Monday, April 20th. This represents a dividend yield of 479.0%. MINISO Group’s dividend payout ratio is 77.66%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased 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 note on Friday, May 29th. Wall Street Zen upgraded shares of MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of MINISO Group in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.

Read Our Latest Stock Report on MINISO Group

Institutional Trading of MINISO Group

Several institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its holdings in MINISO Group by 794.7% in 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in MINISO Group in the first quarter valued at $478,000. XY Capital Ltd acquired a new stake in MINISO Group in the first quarter valued at $2,841,000. PNC Financial Services Group Inc. raised its holdings in MINISO Group by 34.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock valued at $78,000 after acquiring an additional 1,251 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in MINISO Group by 243.5% in the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after acquiring an additional 211,587 shares in the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Company Profile

(Get Free Report)

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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