Candriam S.C.A. Takes $9.99 Million Position in MINISO Group Holding Limited (NYSE:MNSO)

Candriam S.C.A. bought a new stake in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 418,000 shares of the company's stock, valued at approximately $9,986,000. Candriam S.C.A. owned approximately 0.13% of MINISO Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of MINISO Group by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 66,540 shares of the company's stock valued at $1,167,000 after acquiring an additional 1,027 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in MINISO Group during the fourth quarter valued at $31,000. FMR LLC grew its stake in shares of MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company's stock worth $73,000 after buying an additional 2,884 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of MINISO Group by 66.5% in the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock worth $207,000 after buying an additional 3,464 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of MINISO Group during the 3rd quarter valued at about $78,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Trading Up 2.4 %

Shares of NYSE MNSO traded up $0.48 during midday trading on Tuesday, hitting $19.94. The company's stock had a trading volume of 625,211 shares, compared to its average volume of 1,089,574. MINISO Group Holding Limited has a 12-month low of $12.51 and a 12-month high of $27.71. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The firm has a market cap of $6.23 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The business's 50 day moving average is $22.61 and its two-hundred day moving average is $20.21.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on MNSO shares. HSBC initiated coverage on MINISO Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective on the stock. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.70.

MINISO Group Company Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.