Point72 Hong Kong Ltd Has $1.07 Million Holdings in MINISO Group Holding Limited (NYSE:MNSO)

Point72 Hong Kong Ltd lowered its position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 96.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,000 shares of the company's stock after selling 1,646,749 shares during the quarter. Point72 Hong Kong Ltd's holdings in MINISO Group were worth $1,070,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MNSO. DekaBank Deutsche Girozentrale raised its stake in MINISO Group by 3.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company's stock valued at $378,000 after acquiring an additional 690 shares during the period. Cubist Systematic Strategies LLC raised its stake in MINISO Group by 9.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company's stock valued at $215,000 after acquiring an additional 942 shares during the period. XTX Topco Ltd raised its stake in MINISO Group by 10.6% in the 2nd quarter. XTX Topco Ltd now owns 13,861 shares of the company's stock valued at $264,000 after acquiring an additional 1,326 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in MINISO Group in the 2nd quarter valued at $26,000. Finally, Blue Trust Inc. raised its stake in 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 acquiring an additional 1,890 shares during the period. Institutional investors and hedge funds own 17.16% of the company's stock.

Analyst Ratings Changes

MNSO has been the topic of a number of research analyst reports. Bank of America cut MINISO Group from a "buy" rating to an "underperform" rating in a research note on Monday, September 23rd. Citigroup initiated coverage on MINISO Group in a research report on Friday, October 4th. They set a "buy" rating and a $26.80 price objective on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Dbs Bank upgraded MINISO Group to a "strong-buy" rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of MINISO Group in a research report on Monday, September 23rd. 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 issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.90.

MINISO Group Price Performance

Shares of NYSE MNSO traded up $2.58 during mid-day trading on Monday, reaching $22.59. The company had a trading volume of 4,363,381 shares, compared to its average volume of 1,855,977. 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 one year low of $12.51 and a one year high of $25.50. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 0.82 and a beta of 0.15. The business's 50-day simple moving average is $17.90 and its 200 day simple moving average is $18.20.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.26 EPS for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. 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 earnings per share for the current fiscal year.

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.