Norges Bank Takes Position in MINISO Group Holding Limited (NYSE:MNSO)

Norges Bank purchased a new position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 118,843 shares of the company's stock, valued at approximately $2,839,000.

A number of other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after acquiring an additional 734 shares in the last quarter. Geode Capital Management LLC grew 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 worth $1,167,000 after buying an additional 1,027 shares during the period. SBI Securities Co. Ltd. acquired a new stake in MINISO Group in the 4th quarter valued at $31,000. FMR LLC grew its stake in shares of MINISO Group by 230.2% in the third quarter. FMR LLC now owns 4,137 shares of the company's stock valued at $73,000 after buying an additional 2,884 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of MINISO Group by 66.5% during 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 during the period. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MNSO shares. HSBC started coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target for the company. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $15.00 to $22.00 in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.03.

MINISO Group Stock Down 6.9 %

Shares of MINISO Group stock traded down $1.14 during midday trading on Wednesday, reaching $15.44. 375,632 shares of the company's stock traded hands, compared to its average volume of 1,742,885. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $27.71. The company's 50 day simple moving average is $19.56 and its 200 day simple moving average is $20.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $2.61 by ($2.25). The firm had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. Equities analysts expect that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

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

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.