International Assets Investment Management LLC Buys Shares of 52,620 MINISO Group Holding Limited (NYSE:MNSO)

International Assets Investment Management LLC bought a new position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 52,620 shares of the company's stock, valued at approximately $923,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its position in MINISO Group by 37.8% in the first quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company's stock valued at $107,081,000 after purchasing an additional 1,433,950 shares during the period. Sylebra Capital LLC boosted its holdings in MINISO Group by 96.3% in the 2nd quarter. Sylebra Capital LLC now owns 1,831,002 shares of the company's stock valued at $34,917,000 after purchasing an additional 898,373 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in MINISO Group by 89.1% in the second quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company's stock valued at $32,567,000 after buying an additional 804,706 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of MINISO Group by 3.3% in the second quarter. Victory Capital Management Inc. now owns 1,588,191 shares of the company's stock valued at $30,287,000 after purchasing an additional 50,650 shares in the last quarter. Finally, M&G Plc raised its position in shares of MINISO Group by 129.0% in the second quarter. M&G Plc now owns 1,137,449 shares of the company's stock valued at $21,612,000 after buying an additional 640,718 shares during the last quarter. Hedge funds and other institutional investors own 17.16% of the company's stock.

Analyst Upgrades and Downgrades

MNSO has been the topic of several analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $15.00 price objective (down from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Bank of America lowered shares of MINISO Group from a "buy" rating to an "underperform" rating in a research note on Monday, September 23rd. Citigroup began coverage on MINISO Group in a report on Friday, October 4th. They set a "buy" rating and a $26.80 price objective on the stock. Jefferies Financial Group reissued a "hold" rating on shares of MINISO Group in a report on Monday, September 23rd. Finally, Dbs Bank raised MINISO Group to a "strong-buy" rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $20.90.

MINISO Group Price Performance

NYSE MNSO traded down $0.77 on Tuesday, hitting $18.97. The stock had a trading volume of 2,037,665 shares, compared to its average volume of 1,858,306. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $28.16. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 0.81 and a beta of 0.15. The firm has a 50-day moving average of $17.15 and a 200-day moving average of $18.91.

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

MINISO Group Dividend Announcement

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

MINISO Group 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.