Victory Capital Management Inc. Sells 1,307,838 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Victory Capital Management Inc. lowered its stake in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 82.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 280,353 shares of the company's stock after selling 1,307,838 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of MINISO Group worth $4,917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNSO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MINISO Group during the second quarter valued at approximately $26,000. Blue Trust Inc. increased its stake in shares of MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company's stock valued at $40,000 after buying an additional 1,890 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of MINISO Group during the third quarter worth $78,000. Banque Cantonale Vaudoise bought a new stake in shares of MINISO Group during the second quarter worth $118,000. Finally, Bayesian Capital Management LP acquired a new position in shares of MINISO Group during the first quarter valued at $201,000. Institutional investors and hedge funds own 17.16% of the company's stock.

Analyst Upgrades and Downgrades

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

MINISO Group Trading Down 1.8 %

Shares of NYSE:MNSO traded down $0.31 during mid-day trading on Friday, reaching $16.68. The stock had a trading volume of 1,234,771 shares, compared to its average volume of 1,769,407. The firm has a market cap of $5.25 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.70 and a beta of 0.15. The firm has a 50 day simple moving average of $17.64 and a two-hundred day simple moving average of $18.47. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. MINISO Group Holding Limited has a twelve month low of $12.51 and a twelve month high of $26.54.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The company had revenue of $555.26 million for the quarter, compared to analysts' expectations of $557.54 million. On average, research analysts predict that MINISO Group Holding Limited will post 1.23 EPS for the current fiscal 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 paid a $0.274 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 1.6%. MINISO Group's payout ratio is 48.15%.

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.