16,000 Shares in MINISO Group Holding Limited (NYSE:MNSO) Acquired by IvyRock Asset Management HK Ltd

IvyRock Asset Management HK Ltd bought a new position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 16,000 shares of the company's stock, valued at approximately $382,000. MINISO Group accounts for approximately 0.2% of IvyRock Asset Management HK Ltd's investment portfolio, making the stock its 14th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. lifted its position in MINISO Group by 553.7% in the third quarter. Citigroup Inc. now owns 390,286 shares of the company's stock valued at $6,846,000 after purchasing an additional 330,579 shares during the last quarter. FMR LLC raised its holdings in MINISO Group by 230.2% during 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 purchased a new stake in MINISO Group during the 3rd quarter valued at $685,000. Centiva Capital LP bought a new stake in MINISO Group in the 3rd quarter worth $255,000. Finally, Quantinno Capital Management LP purchased a new position in shares of MINISO Group in the third quarter valued at about $191,000. 17.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MNSO shares. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. HSBC assumed coverage on MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price on the stock. Finally, JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $15.00 to $22.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three 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 stock has an average rating of "Moderate Buy" and an average target price of $26.03.

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MINISO Group Stock Down 4.6 %

Shares of MNSO stock traded down $0.91 during trading hours on Friday, hitting $18.62. 1,107,341 shares of the company's stock traded hands, compared to its average volume of 1,719,532. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The stock has a market cap 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 fifty day simple moving average is $21.39 and its two-hundred day simple moving average is $20.54. MINISO Group Holding Limited has a 12-month low of $12.51 and a 12-month high of $27.71.

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

MINISO Group Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's dividend payout ratio is currently 55.08%.

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.