HCEP Management Ltd Takes Position in MINISO Group Holding Limited (NYSE:MNSO)

HCEP Management Ltd purchased a new position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,700,000 shares of the company's stock, valued at approximately $40,613,000. MINISO Group accounts for about 32.5% of HCEP Management Ltd's portfolio, making the stock its 2nd biggest position. HCEP Management Ltd owned about 0.54% of MINISO Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MNSO. SBI Securities Co. Ltd. acquired a new position in MINISO Group during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its stake in MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after purchasing an additional 734 shares during the last quarter. FMR LLC grew its position in MINISO Group by 230.2% in the third quarter. FMR LLC now owns 4,137 shares of the company's stock worth $73,000 after buying an additional 2,884 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of MINISO Group in the fourth quarter valued at $163,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of MINISO Group during the 3rd quarter valued at $191,000. Institutional investors own 17.16% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on MNSO. HSBC began coverage on MINISO Group in a report on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price for the company. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, MINISO Group presently has an average rating of "Moderate Buy" and a consensus price target of $26.03.

MINISO Group Stock Down 4.9 %

Shares of MNSO traded down $0.78 during mid-day trading on Thursday, hitting $15.18. 937,191 shares of the company's stock were exchanged, compared to its average volume of 1,296,724. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $27.71. The company has a 50-day simple moving average of $20.12 and a 200 day simple moving average of $20.59. The company has a market cap of $4.74 billion, a PE ratio of 13.65, a P/E/G ratio of 0.80 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66.

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

MINISO Group Dividend Announcement

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

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.