Taikang Asset Management Hong Kong Co Ltd Buys Shares of 110,000 MINISO Group Holding Limited (NYSE:MNSO)

Taikang Asset Management Hong Kong Co Ltd purchased a new position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 110,000 shares of the company's stock, valued at approximately $2,628,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MNSO. SBI Securities Co. Ltd. bought a new position in MINISO Group in the 4th quarter worth $31,000. EverSource Wealth Advisors LLC boosted its stake 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 worth $39,000 after acquiring an additional 734 shares during the period. FMR LLC grew its position in shares of MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company's stock worth $73,000 after purchasing an additional 2,884 shares in the last quarter. SG Americas Securities LLC bought a new stake in MINISO Group during the 4th quarter valued at approximately $163,000. Finally, Quantinno Capital Management LP purchased a new position in MINISO Group in the 3rd quarter worth approximately $191,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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MINISO Group Trading Down 4.6 %

MINISO Group stock traded down $0.91 during trading hours on Friday, hitting $18.62. The company had a trading volume of 1,107,341 shares, compared to its average volume of 1,719,532. The firm has a market cap of $5.82 billion, a P/E ratio of 16.77, a P/E/G ratio of 0.80 and a beta of 0.10. The company has a 50-day moving average price of $21.39 and a two-hundred day moving average price of $20.54. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $27.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14.

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

MINISO Group Announces Dividend

The company also recently declared a -- dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group's dividend payout ratio is currently 55.08%.

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.