Pictet Asset Management Holding SA trimmed its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 36.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400,455 shares of the company's stock after selling 229,915 shares during the quarter. Pictet Asset Management Holding SA owned about 0.13% of MINISO Group worth $9,567,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in shares of MINISO Group by 14.9% during the fourth quarter. Nordea Investment Management AB now owns 333,729 shares of the company's stock worth $8,020,000 after purchasing an additional 43,151 shares in the last quarter. Erste Asset Management GmbH purchased a new position in MINISO Group during the 3rd quarter worth approximately $685,000. Candriam S.C.A. acquired a new position in MINISO Group during the fourth quarter worth approximately $9,986,000. AI Squared Management Ltd purchased a new stake in MINISO Group in the fourth quarter valued at approximately $1,520,000. Finally, SG Americas Securities LLC acquired a new stake in shares of MINISO Group in the fourth quarter valued at approximately $163,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, HSBC began coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, MINISO Group has a consensus rating of "Moderate Buy" and a consensus target price of $26.03.
Check Out Our Latest Research Report on MINISO Group
MINISO Group Stock Performance
NYSE:MNSO traded down $1.23 during midday trading on Friday, reaching $16.85. The stock had a trading volume of 1,831,021 shares, compared to its average volume of 1,717,528. 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 $5.26 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.80 and a beta of 0.18. The firm has a fifty day simple moving average of $21.03 and a two-hundred day simple moving average of $20.59. 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 issued its 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). The firm had revenue of $646.49 million during 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%. On average, equities analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current year.
MINISO Group Dividend Announcement
The firm also recently announced a -- dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.3268 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group's dividend payout ratio (DPR) is 53.39%.
MINISO Group Company Profile
(
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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