Van ECK Associates Corp Has $6.90 Million Stake in MINISO Group Holding Limited (NYSE:MNSO)

Van ECK Associates Corp trimmed its stake in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 29.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,593 shares of the company's stock after selling 159,481 shares during the period. Van ECK Associates Corp owned approximately 0.12% of MINISO Group worth $6,901,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MNSO. DekaBank Deutsche Girozentrale lifted its holdings in MINISO Group by 3.7% in the third 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. International Assets Investment Management LLC acquired a new position in shares of MINISO Group in the third quarter worth $923,000. Blue Trust Inc. lifted its position in shares of MINISO Group by 167.0% in the third quarter. Blue Trust Inc. now owns 5,210 shares of the company's stock valued at $99,000 after acquiring an additional 3,259 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of MINISO Group by 5.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 379,100 shares of the company's stock valued at $7,229,000 after acquiring an additional 19,000 shares during the last quarter. Finally, 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 purchasing an additional 942 shares during the last quarter. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Stock Performance

MNSO stock traded down $0.50 during midday trading on Friday, hitting $19.35. 908,576 shares of the company traded hands, compared to its average volume of 1,856,923. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. The business has a 50 day simple moving average of $17.34 and a 200-day simple moving average of $18.91. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.81 and a beta of 0.15. MINISO Group Holding Limited has a twelve month low of $12.51 and a twelve month high of $28.16.

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 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 during the quarter, compared to analysts' expectations of $557.54 million. As a group, equities research analysts predict that MINISO Group Holding Limited will post 1.23 earnings per share for the current year.

MINISO Group Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a dividend of $0.274 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 1.6%. MINISO Group's dividend payout ratio is currently 49.07%.

Wall Street Analyst Weigh In

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

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.