Citigroup Inc. Purchases 330,579 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Citigroup Inc. increased its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 553.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,286 shares of the company's stock after acquiring an additional 330,579 shares during the period. Citigroup Inc. owned approximately 0.12% of MINISO Group worth $6,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd boosted its stake in MINISO Group by 89.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company's stock valued at $32,567,000 after purchasing an additional 804,706 shares during the last quarter. LMR Partners LLP bought a new stake in shares of MINISO Group in the third quarter worth approximately $11,384,000. Seven Eight Capital LP bought a new stake in shares of MINISO Group in the second quarter worth approximately $607,000. M&G Plc raised its holdings in shares of MINISO Group by 129.0% during the second quarter. M&G Plc now owns 1,137,449 shares of the company's stock valued at $21,612,000 after purchasing an additional 640,718 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of MINISO Group by 138.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company's stock valued at $21,229,000 after buying an additional 645,722 shares during the period. Institutional investors own 17.16% of the company's stock.

Analyst Ratings Changes

MNSO has been the subject of several research reports. Citigroup began coverage on shares of MINISO Group in a research note on Friday, October 4th. They issued a "buy" rating and a $26.80 price objective on the stock. Bank of America downgraded MINISO Group from a "buy" rating to an "underperform" rating in a research report on Monday, September 23rd. Dbs Bank raised MINISO Group to a "strong-buy" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of MINISO Group in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, MINISO Group has a consensus rating of "Hold" and a consensus price target of $20.90.

MINISO Group Price Performance

Shares of NYSE MNSO traded up $1.52 during mid-day trading on Friday, reaching $20.01. The company's stock had a trading volume of 2,320,852 shares, compared to its average volume of 1,528,756. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $26.48. The stock has a fifty day moving average of $17.90 and a two-hundred day moving average of $18.20. The firm has a market capitalization of $6.30 billion, a PE ratio of 18.03, a P/E/G ratio of 0.82 and a beta of 0.15.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $555.26 million during the quarter, compared to the consensus estimate of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. As a group, sell-side analysts anticipate that MINISO Group Holding Limited will post 1.23 EPS for the current fiscal year.

About MINISO Group

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.