Legal & General Group Plc reduced its stake in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 36.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 354,205 shares of the company's stock after selling 202,027 shares during the quarter. Legal & General Group Plc owned approximately 0.11% of MINISO Group worth $8,467,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in MINISO Group during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after buying an additional 734 shares during the last quarter. FMR LLC increased its position in shares of MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company's stock valued at $73,000 after acquiring an additional 2,884 shares during the last quarter. SG Americas Securities LLC bought a new stake in MINISO Group during the fourth quarter worth $163,000. Finally, Orion Portfolio Solutions LLC purchased a new position in MINISO Group in the fourth quarter worth $202,000. 17.16% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded 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 note on Tuesday, March 25th. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, HSBC initiated coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, MINISO Group has a consensus rating of "Moderate Buy" and an average target price of $26.03.
Read Our Latest Stock Report on MNSO
MINISO Group Stock Performance
MNSO traded up $0.30 on Wednesday, hitting $16.94. The company's stock had a trading volume of 491,580 shares, compared to its average volume of 1,730,941. The company's 50 day simple moving average is $18.88 and its 200-day simple moving average is $20.51. 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 12 month low of $12.51 and a 12 month high of $27.71. The firm has a market cap of $5.30 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.
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 for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The company had revenue of $646.49 million during the quarter, compared to analysts' expectations of $4.82 billion. Analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current year.
MINISO Group Announces Dividend
The company also recently declared a -- dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be issued 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 53.39%.
MINISO Group Company Profile
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Free Report)
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.
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