Schroder Investment Management Group lowered its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,319,459 shares of the company's stock after selling 14,034 shares during the quarter. Schroder Investment Management Group owned approximately 0.42% of MINISO Group worth $31,509,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after buying an additional 734 shares during the last quarter. Geode Capital Management LLC boosted its stake in MINISO Group by 1.6% during the third quarter. Geode Capital Management LLC now owns 66,540 shares of the company's stock valued at $1,167,000 after buying an additional 1,027 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in MINISO Group during the 4th quarter valued at approximately $31,000. FMR LLC increased its stake in MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company's stock worth $73,000 after acquiring an additional 2,884 shares during the last quarter. Finally, Blue Trust Inc. grew 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 valued at $207,000 after purchasing an additional 3,464 shares in the last quarter. Institutional investors own 17.16% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on MNSO. JPMorgan Chase & Co. upgraded MINISO Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $15.00 to $22.00 in a report on Tuesday, March 25th. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, HSBC started coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.03.
View Our Latest Stock Analysis on MNSO
MINISO Group Stock Down 6.4 %
Shares of MNSO traded down $1.24 during mid-day trading on Thursday, hitting $18.03. The company's stock had a trading volume of 1,167,817 shares, compared to its average volume of 1,712,507. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.80 and a beta of 0.10. The company's 50-day moving average is $21.03 and its 200-day moving average is $20.59. 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 52-week low of $12.51 and a 52-week high of $27.71.
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 (EPS) for the quarter, missing analysts' consensus estimates 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. On average, equities research analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.
MINISO Group Announces Dividend
The company also recently disclosed a -- dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be paid a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group's dividend payout ratio (DPR) is presently 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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