Insider Buying: MINISO Group (NYSE:MNSO) VP Acquires 150,000 Shares of Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) VP Yunyun (Alice) Yang bought 150,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $3.35 per share, with a total value of $502,500.00. Following the completion of the transaction, the vice president 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Yunyun (Alice) Yang also recently made the following trade(s):

• On Friday, May 29th, Yunyun (Alice) Yang purchased 1,950,000 shares of MINISO Group stock. The shares were bought at an average price of $3.28 per share, for a total transaction of $6,396,000.00.

MINISO Group Price Performance

MNSO stock opened at $13.55 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.14. MINISO Group Holding Limited Unsponsored ADR has a 1 year low of $12.30 and a 1 year high of $26.74. The firm has a 50-day moving average of $15.04 and a 200 day moving average of $17.70. The company has a market cap of $4.20 billion, a P/E ratio of 14.41, a PEG ratio of 1.23 and a beta of 0.08.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data 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 firm had revenue of $825.04 million for the quarter, compared to the consensus estimate of $805.60 million. On average, sell-side analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current year.

MINISO Group Dividend Announcement

The company 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%.

Analyst Ratings Changes

A number of equities analysts have issued reports on MNSO shares. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. decreased their price target 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. 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, MINISO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.

Institutional Investors Weigh In On MINISO Group

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in MINISO Group by 66.4% during the 1st quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock valued at $498,000 after acquiring an additional 10,747 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of MINISO Group by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company’s stock worth $5,832,000 after acquiring an additional 5,086 shares during the period. Creative Planning grew its stake in shares of MINISO Group by 45.1% in the second quarter. Creative Planning now owns 16,662 shares of the company’s stock worth $304,000 after acquiring an additional 5,177 shares during the period. American Century Companies Inc. raised its holdings in shares of MINISO Group by 0.4% during the second quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock valued at $2,427,000 after purchasing an additional 595 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings 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 valued at $41,000 after purchasing an additional 608 shares during the last quarter. 17.16% of the stock is owned by hedge funds and other institutional investors.

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.