Polymer Capital Management HK LTD Sells 237,007 Shares of MINISO Group Holding Limited Unsponsored ADR $MNSO

Polymer Capital Management HK LTD reduced its position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) by 95.2% during the fourth quarter, HoldingsChannel reports. The firm owned 11,900 shares of the company’s stock after selling 237,007 shares during the period. Polymer Capital Management HK LTD’s holdings in MINISO Group were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. WFM ASIA BVI Ltd bought a new stake in shares of MINISO Group in the 3rd quarter valued at $35,624,000. HCEP Management Ltd boosted its stake in shares of MINISO Group by 2.4% in the 3rd quarter. HCEP Management Ltd now owns 998,251 shares of the company’s stock valued at $22,461,000 after purchasing an additional 23,300 shares during the last quarter. Millennium Management LLC boosted its position in shares of MINISO Group by 167.5% during the 3rd quarter. Millennium Management LLC now owns 971,884 shares of the company’s stock valued at $21,867,000 after purchasing an additional 608,544 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of MINISO Group by 1.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 673,402 shares of the company’s stock valued at $12,626,000 after purchasing an additional 12,315 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of MINISO Group by 5.9% during the 4th quarter. Nordea Investment Management AB now owns 427,717 shares of the company’s stock valued at $7,994,000 after purchasing an additional 23,667 shares in the last quarter. 17.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MINISO Group news, CEO Guofu Ye acquired 1,950,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $3.28 per share, with a total value of $6,396,000.00. Following the completion of the purchase, the chief executive officer owned 315,590,482 shares of the company’s stock, valued at approximately $1,035,136,780.96. This represents a 0.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yunyun (Alice) Yang acquired 1,950,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $3.28 per share, for a total transaction of $6,396,000.00. Following the completion of the purchase, the vice president directly owned 315,590,482 shares of the company’s stock, valued at approximately $1,035,136,780.96. This represents a 0.62% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 4,200,000 shares of company stock worth $13,797,000 over the last ninety days. Insiders own 73.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MNSO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. JPMorgan Chase & Co. decreased their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, Wall Street Zen raised MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.73.

MINISO Group Stock Down 0.3%

Shares of NYSE MNSO opened at $13.18 on Friday. The firm has a market cap of $4.08 billion, a PE ratio of 14.02, a P/E/G ratio of 1.25 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 company’s fifty day simple moving average is $14.50 and its 200 day simple moving average is $17.24. 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 (NYSE:MNSO) last released its quarterly earnings data on Friday, May 15th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. The business had revenue of $825.04 million during the quarter, compared to the consensus estimate of $805.60 million. As a group, sell-side analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were paid a $0.3764 dividend. This represents a dividend yield of 479.0%. The ex-dividend date of this dividend was Monday, April 20th. MINISO Group’s dividend payout ratio (DPR) is 77.66%.

MINISO Group 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.