Insider Buying: MINISO Group (NYSE:MNSO) CEO Purchases 150,000 Shares of Stock
by Amy Steele · The Cerbat GemMINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) CEO Guofu Ye acquired 150,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were purchased at an average cost of $3.35 per share, with a total value of $502,500.00. Following the completion of the purchase, the chief executive officer directly owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. This trade represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Price Performance
MINISO Group stock opened at $13.55 on Tuesday. 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 current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $15.04 and a 200-day moving average price of $17.70. The firm has a market capitalization of $4.20 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.23 and a beta of 0.08.
MINISO Group (NYSE:MNSO – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.06 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 for the quarter, compared to the consensus estimate of $805.60 million. As a group, equities research 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 announced a dividend, which was paid on Monday, May 4th. Stockholders of record on Monday, April 20th were paid a dividend of $0.3764 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a dividend yield of 479.0%. MINISO Group’s dividend payout ratio is currently 77.66%.
Institutional Investors Weigh In On MINISO Group
Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of MINISO Group during the 3rd quarter worth $25,000. Parallel Advisors LLC raised its holdings in shares of MINISO Group by 794.7% in the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after acquiring an additional 1,947 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of MINISO Group by 37.6% in the second 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 in the last quarter. PNC Financial Services Group Inc. lifted its stake in MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after acquiring an additional 547 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in MINISO Group by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,087 shares of the company’s stock worth $114,000 after acquiring an additional 2,948 shares in the last quarter. 17.16% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on MNSO shares. JPMorgan Chase & Co. decreased their price target on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.73.
View Our Latest Report on MINISO Group
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.
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