MINISO Group Holding Limited (NYSE:MNSO) Shares Acquired by M&G Plc

M&G PLC raised its position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 217.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,611,656 shares of the company's stock after acquiring an additional 2,474,207 shares during the quarter. M&G PLC owned approximately 1.14% of MINISO Group worth $65,010,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MNSO. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of MINISO Group by 33.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,668 shares of the company's stock valued at $1,838,000 after acquiring an additional 22,643 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of MINISO Group by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company's stock valued at $887,000 after buying an additional 2,301 shares during the period. Nordea Investment Management AB grew its position in shares of MINISO Group by 10.1% during the first quarter. Nordea Investment Management AB now owns 255,368 shares of the company's stock worth $5,240,000 after buying an additional 23,328 shares in the last quarter. OPTIMAS CAPITAL Ltd purchased a new stake in shares of MINISO Group during the first quarter worth approximately $3,590,000. Finally, Headlands Technologies LLC acquired a new stake in MINISO Group in the first quarter valued at approximately $93,000. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Stock Performance

MNSO stock traded up $1.50 on Thursday, hitting $19.85. The company's stock had a trading volume of 2,105,461 shares, compared to its average volume of 1,859,874. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $28.16. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 0.81 and a beta of 0.15. The firm has a 50 day moving average of $17.27 and a two-hundred day moving average of $18.90.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $555.26 million during the quarter, compared to the consensus estimate of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. Equities analysts predict that MINISO Group Holding Limited will post 1.23 EPS for the current fiscal year.

MINISO Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group reiterated a "hold" rating on shares of MINISO Group in a report on Monday, September 23rd. Citigroup initiated coverage on MINISO Group in a research note on Friday, October 4th. They set a "buy" rating and a $26.80 target price for the company. Bank of America downgraded shares of MINISO Group from a "buy" rating to an "underperform" rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $15.00 price target (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Finally, Dbs Bank upgraded shares of MINISO Group to a "strong-buy" rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.90.

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.