Fox Run Management L.L.C. Invests $368,000 in MINISO Group Holding Limited (NYSE:MNSO)

Fox Run Management L.L.C. bought a new stake in MINISO Group Holding Limited (NYSE:MNSO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,403 shares of the company's stock, valued at approximately $368,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. boosted its position in MINISO Group by 553.7% during the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company's stock worth $6,846,000 after buying an additional 330,579 shares during the period. FMR LLC grew its position in shares of MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company's stock valued at $73,000 after buying an additional 2,884 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of MINISO Group in the third quarter valued at about $685,000. Centiva Capital LP acquired a new position in shares of MINISO Group in the third quarter worth approximately $255,000. Finally, Quantinno Capital Management LP bought a new stake in MINISO Group in the third quarter valued at approximately $191,000. Institutional investors own 17.16% of the company's stock.

MINISO Group Stock Down 4.6 %

MNSO traded down $0.91 during midday trading on Friday, hitting $18.62. The company had a trading volume of 1,107,341 shares, compared to its average volume of 1,719,532. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 0.80 and a beta of 0.10. The stock's 50 day moving average price is $21.39 and its 200 day moving average price is $20.57. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $27.71.

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MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($2.25). The firm had revenue of $646.49 million during the quarter, compared to the consensus estimate of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, research analysts anticipate that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be given a $0.3268 dividend. This represents a yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group's payout ratio is currently 53.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. HSBC started coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued 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. Finally, JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, MINISO Group currently has an average rating of "Moderate Buy" and a consensus target price of $26.03.

MINISO Group 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.