Point72 Asset Management L.P. Decreases Stock Holdings in MINISO Group Holding Limited (NYSE:MNSO)

Point72 Asset Management L.P. lowered its stake in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 89.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,209 shares of the company's stock after selling 991,991 shares during the quarter. Point72 Asset Management L.P.'s holdings in MINISO Group were worth $2,126,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MNSO. DekaBank Deutsche Girozentrale grew its holdings in shares of MINISO Group by 3.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company's stock worth $378,000 after acquiring an additional 690 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of MINISO Group by 9.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company's stock valued at $215,000 after purchasing an additional 942 shares during the period. XTX Topco Ltd increased its position in shares of MINISO Group by 10.6% during the 2nd quarter. XTX Topco Ltd now owns 13,861 shares of the company's stock valued at $264,000 after purchasing an additional 1,326 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MINISO Group during the 2nd quarter valued at about $26,000. Finally, Blue Trust Inc. lifted 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 worth $40,000 after purchasing an additional 1,890 shares during the period. Institutional investors own 17.16% of the company's stock.

MINISO Group Price Performance

Shares of NYSE:MNSO traded down $1.48 during midday trading on Tuesday, reaching $23.23. 691,929 shares of the company were exchanged, compared to its average volume of 1,889,630. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The stock has a market cap of $7.31 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.05 and a beta of 0.14. The business's fifty day moving average is $18.98 and its two-hundred day moving average is $18.24. MINISO Group Holding Limited has a one year low of $12.51 and a one year high of $25.50.

Wall Street Analyst Weigh In

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

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.