Yunyun (Alice) Yang Acquires 1,950,000 Shares of MINISO Group (NYSE:MNSO) Stock

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) VP Yunyun (Alice) Yang purchased 1,950,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $3.28 per share, for a total transaction of $6,396,000.00. Following the acquisition, the vice president owned 315,590,482 shares of the company’s stock, valued at approximately $1,035,136,780.96. The trade was a 0.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, June 1st, Yunyun (Alice) Yang acquired 150,000 shares of MINISO Group stock. The stock was acquired at an average cost of $3.35 per share, with a total value of $502,500.00.

MINISO Group Stock Up 4.4%

MNSO 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 12 month low of $12.30 and a 12 month high of $26.74. The stock’s 50 day moving average price is $15.04 and its 200 day moving average price is $17.70. The stock has a market cap of $4.20 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.23 and a beta of 0.08.

MINISO Group (NYSE:MNSO) last released its quarterly 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). The business had revenue of $825.04 million during the quarter, compared to the consensus estimate of $805.60 million. MINISO Group had a return on equity of 18.98% and a net margin of 9.03%. As a group, research analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current year.

MINISO Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MNSO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Wall Street Zen upgraded shares of MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday. 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, MINISO Group currently has an average rating of “Moderate Buy” and an average price target of $21.73.

Hedge Funds Weigh In On MINISO Group

A number of hedge funds have recently modified their holdings of the stock. Long Corridor Asset Management Ltd acquired a new stake in shares of MINISO Group during the third quarter worth $2,368,000. Fox Run Management L.L.C. acquired a new position in shares of MINISO Group in the 3rd quarter valued at $1,275,000. WFM ASIA BVI Ltd acquired a new position in shares of MINISO Group in the 3rd quarter valued at $35,624,000. Persistent Asset Partners Ltd purchased a new position in MINISO Group in the 3rd quarter worth about $948,000. Finally, Keystone Investors PTE Ltd. increased its stake in MINISO Group by 32.2% in the 3rd quarter. Keystone Investors PTE Ltd. now owns 192,100 shares of the company’s stock worth $4,322,000 after purchasing an additional 46,800 shares in the last quarter. 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.