LMR Partners LLP Acquires New Holdings in MINISO Group Holding Limited (NYSE:MNSO)

LMR Partners LLP acquired a new position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 649,054 shares of the company's stock, valued at approximately $11,384,000. LMR Partners LLP owned 0.21% of MINISO Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC bought a new stake in MINISO Group during the third quarter worth about $78,000. XY Capital Ltd bought a new stake in MINISO Group during the third quarter worth about $5,134,000. M&G PLC raised its holdings in MINISO Group by 217.5% during the third quarter. M&G PLC now owns 3,611,656 shares of the company's stock worth $65,010,000 after acquiring an additional 2,474,207 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in MINISO Group by 3.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company's stock worth $378,000 after acquiring an additional 690 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in MINISO Group during the third quarter worth about $923,000. 17.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MNSO. Bank of America lowered MINISO Group from a "buy" rating to an "underperform" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. restated 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. Jefferies Financial Group restated a "hold" rating on shares of MINISO Group in a research note on Monday, September 23rd. Dbs Bank upgraded MINISO Group to a "strong-buy" rating in a research note on Tuesday, September 24th. Finally, Citigroup assumed coverage on MINISO Group in a research note on Friday, October 4th. They issued a "buy" rating and a $26.80 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.90.

MINISO Group Price Performance

NYSE:MNSO traded up $0.48 during trading hours on Monday, reaching $17.75. 532,913 shares of the company were exchanged, compared to its average volume of 1,857,186. The company has a market capitalization of $5.61 billion, a P/E ratio of 15.99, a P/E/G ratio of 0.71 and a beta of 0.15. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $28.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The business has a 50 day moving average of $17.53 and a 200 day moving average of $18.67.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $555.26 million for 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%. Research analysts forecast that MINISO Group Holding Limited will post 1.23 EPS for the current year.

MINISO Group Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a $0.274 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 13th. MINISO Group's dividend payout ratio is presently 49.07%.

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.