MINISO Group (NYSE:MNSO) CEO Purchases $502,500.00 in Stock

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

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

• On Friday, May 29th, Guofu Ye purchased 1,950,000 shares of MINISO Group stock. The stock was bought at an average cost of $3.28 per share, for a total transaction of $6,396,000.00.

MINISO Group Price Performance

MINISO Group stock opened at $13.32 on Friday. The business’s 50 day simple moving average is $14.85 and its 200 day simple moving average is $17.53. MINISO Group Holding Limited Unsponsored ADR has a 12 month low of $12.30 and a 12 month high of $26.74. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.25 and a beta of 0.08. 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 (NYSE:MNSO) last issued its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $805.60 million. 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 firm also recently disclosed a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were issued a dividend of $0.3764 per share. 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 77.66%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Long Corridor Asset Management Ltd bought a new stake in shares of MINISO Group during the third quarter valued at about $2,368,000. Fox Run Management L.L.C. bought a new position in shares of MINISO Group in the third quarter valued at approximately $1,275,000. WFM ASIA BVI Ltd purchased a new position in MINISO Group during the third quarter valued at approximately $35,624,000. Persistent Asset Partners Ltd purchased a new position in MINISO Group during the third quarter valued at approximately $948,000. Finally, Keystone Investors PTE Ltd. increased its holdings in MINISO Group by 32.2% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 192,100 shares of the company’s stock worth $4,322,000 after acquiring an additional 46,800 shares during the period. Hedge funds and other institutional investors 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.