XY Capital Ltd acquired a new stake in MINISO Group Holding Limited (NYSE:MNSO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 292,688 shares of the company's stock, valued at approximately $5,134,000. MINISO Group comprises 1.8% of XY Capital Ltd's investment portfolio, making the stock its 9th largest position. XY Capital Ltd owned about 0.09% of MINISO Group as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in MNSO. M&G PLC lifted its stake in MINISO Group by 217.5% in the 3rd quarter. M&G PLC now owns 3,611,656 shares of the company's stock worth $65,010,000 after purchasing an additional 2,474,207 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd grew its position in MINISO Group by 37.8% during the first quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company's stock worth $107,081,000 after buying an additional 1,433,950 shares in the last quarter. Sylebra Capital LLC bought a new position in MINISO Group in the 1st quarter worth about $19,119,000. Point72 Hong Kong Ltd boosted its position in shares of MINISO Group by 89.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company's stock valued at $32,567,000 after acquiring an additional 804,706 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of MINISO Group by 138.1% during the second quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company's stock worth $21,229,000 after purchasing an additional 645,722 shares in the last quarter. Institutional investors own 17.16% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on MNSO shares. Dbs Bank raised shares of MINISO Group to a "strong-buy" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Bank of America cut shares of MINISO Group from a "buy" rating to an "underperform" rating in a research report on Monday, September 23rd. Citigroup assumed coverage on MINISO Group in a research note on Friday, October 4th. They set a "buy" rating and a $26.80 price objective on the stock. Finally, Jefferies Financial Group restated a "hold" rating on shares of MINISO Group in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.90.
Read Our Latest Stock Report on MNSO
MINISO Group Trading Down 2.6 %
Shares of MINISO Group stock traded down $0.52 during trading on Friday, reaching $19.33. 1,788,652 shares of the stock were exchanged, compared to its average volume of 2,048,840. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $28.16. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 0.75 and a beta of 0.15. 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 stock's fifty day moving average is $17.40 and its 200 day moving average is $18.89.
MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The business had revenue of $555.26 million for the quarter, compared to analysts' expectations of $557.54 million. As a group, equities research analysts expect that MINISO Group Holding Limited will post 1.23 earnings per share for the current fiscal year.
MINISO Group Dividend Announcement
The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a dividend of $0.274 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group's dividend payout ratio is presently 49.07%.
MINISO Group Company Profile
(
Free Report)
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.
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