Marshall Wace LLP Sells 1,188,538 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Marshall Wace LLP trimmed its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 94.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,412 shares of the company's stock after selling 1,188,538 shares during the period. Marshall Wace LLP's holdings in MINISO Group were worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in MINISO Group by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 66,540 shares of the company's stock worth $1,167,000 after acquiring an additional 1,027 shares during the last quarter. Nordea Investment Management AB lifted its holdings in MINISO Group by 14.9% during the fourth quarter. Nordea Investment Management AB now owns 333,729 shares of the company's stock valued at $8,020,000 after purchasing an additional 43,151 shares during the last quarter. SG Americas Securities LLC bought a new position in MINISO Group in the 4th quarter worth approximately $163,000. Blue Trust Inc. boosted its holdings in shares of MINISO Group by 66.5% in the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock worth $207,000 after acquiring an additional 3,464 shares during the period. Finally, US Bancorp DE grew its holdings in MINISO Group by 344.7% during the 4th quarter. US Bancorp DE now owns 11,864 shares of the company's stock valued at $283,000 after buying an additional 9,196 shares in the last quarter. Institutional investors own 17.16% of the company's stock.

Wall Street Analysts Forecast Growth

MNSO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. 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 objective for the company. Finally, Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given 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, MINISO Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.03.

MINISO Group Stock Down 1.2 %

Shares of NYSE MNSO opened at $17.01 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.66 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 fifty day simple moving average of $18.55 and a two-hundred day simple moving average of $20.48. The firm has a market capitalization of $5.32 billion, a PE ratio of 15.32, 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 data on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). The firm had revenue of $646.49 million for the quarter, compared to analysts' expectations of $4.82 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. Equities analysts expect that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

MINISO Group Announces Dividend

The business also recently announced a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were issued a $0.3268 dividend. This represents a yield of 1.4%. The ex-dividend date was Tuesday, April 8th. MINISO Group's dividend payout ratio (DPR) is 53.39%.

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.

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