Key Points
- MINISO Group VP Yunyun (Alice) Yang bought 1.95 million shares on May 29 at an average price of $3.28 per share, a transaction worth about $6.4 million. After the purchase, she owned 315.6 million shares, increasing her stake by 0.62%.
- Yang also bought 150,000 additional shares on June 1 at $3.35 per share, bringing her recent insider buying total even higher.
- MINISO recently missed earnings estimates, posting $0.06 EPS versus the expected $0.24, though revenue came in above forecasts at $825.04 million. Analysts currently rate the stock a Moderate Buy with a consensus price target of $21.73.
MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) CEO Guofu Ye bought 150,000 shares of the stock in a transaction dated Monday, June 1st. The stock was purchased at an average cost of $3.35 per share, for a total transaction of $502,500.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Guofu Ye also recently made the following trade(s):
- On Friday, May 29th, Guofu Ye bought 1,950,000 shares of MINISO Group stock. The stock was purchased at an average cost of $3.28 per share, for a total transaction of $6,396,000.00.
MINISO Group Stock Down 0.5%
MNSO opened at $13.46 on Wednesday. The firm's 50-day simple moving average is $15.04 and its 200-day simple moving average is $17.70. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.28 and a beta of 0.08. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.14 and a current ratio of 1.53. 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:MNSO - Get Free Report) last issued 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 company had revenue of $825.04 million for the quarter, compared to analyst estimates of $805.60 million. MINISO Group had a return on equity of 18.98% and a net margin of 9.03%. Equities research analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current fiscal year.
MINISO Group Announces Dividend
The business 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 yield of 479.0%. MINISO Group's dividend payout ratio is 77.66%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on MNSO shares. Zacks Research raised MINISO Group from a "strong sell" rating to a "hold" rating in a report on Thursday, February 5th. Weiss Ratings reissued a "hold (c)" rating on shares of MINISO Group in a report on Friday, March 27th. JPMorgan Chase & Co. dropped their price objective on MINISO Group from $26.00 to $16.00 and set an "overweight" rating for the company in a report on Friday, May 29th. Finally, Wall Street Zen raised MINISO Group from a "hold" rating to a "buy" rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, MINISO Group presently has an average rating of "Moderate Buy" and an average price target of $21.73.
Read Our Latest Report on MINISO Group
Institutional Trading of MINISO Group
A number of institutional investors and hedge funds have recently modified their holdings of MNSO. Royal Bank of Canada increased its stake in shares of MINISO Group by 66.4% in 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 last quarter. Goldman Sachs Group Inc. increased its stake in shares of MINISO Group by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company's stock valued at $5,832,000 after acquiring an additional 5,086 shares during the last quarter. Creative Planning increased its stake in shares of MINISO Group by 45.1% in the 2nd quarter. Creative Planning now owns 16,662 shares of the company's stock valued at $304,000 after acquiring an additional 5,177 shares during the last quarter. American Century Companies Inc. increased its stake in shares of MINISO Group by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company's stock valued at $2,427,000 after acquiring an additional 595 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company's stock valued at $41,000 after acquiring an additional 608 shares during the last quarter. 17.16% of the stock is owned by institutional investors.
About MINISO Group
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
