Mackenzie Financial Corp Has $4.26 Million Stake in MINISO Group Holding Limited (NYSE:MNSO)

Mackenzie Financial Corp lowered its position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,342 shares of the company's stock after selling 30,133 shares during the quarter. Mackenzie Financial Corp owned about 0.06% of MINISO Group worth $4,261,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vise Technologies Inc. acquired a new stake in MINISO Group in the fourth quarter valued at approximately $366,000. Vident Advisory LLC grew its position in shares of MINISO Group by 34.4% during the fourth quarter. Vident Advisory LLC now owns 21,559 shares of the company's stock worth $515,000 after acquiring an additional 5,523 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of MINISO Group during the fourth quarter worth approximately $237,000. Two Sigma Investments LP purchased a new position in MINISO Group in the 4th quarter valued at $1,514,000. Finally, Tairen Capital Ltd grew its position in MINISO Group by 211.7% in the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company's stock valued at $5,212,000 after buying an additional 148,170 shares during the last quarter. Hedge funds and other institutional investors own 17.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $20.00 target price on shares of MINISO Group in a research report on Tuesday. HSBC assumed coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price on the stock. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, MINISO Group has an average rating of "Moderate Buy" and a consensus price target of $24.53.

MINISO Group Stock Down 2.9%

Shares of MNSO traded down $0.51 during trading on Friday, reaching $17.01. The company's stock had a trading volume of 1,158,229 shares, compared to its average volume of 1,726,876. The company has a fifty day moving average of $17.88 and a two-hundred day moving average of $20.57. MINISO Group Holding Limited has a twelve month low of $12.51 and a twelve month high of $27.71. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 0.80 and a beta of 0.18. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($1.85). The firm had revenue of $609.87 million for the quarter, compared to analyst estimates of $4.35 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. On average, sell-side analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently announced a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were given a $0.3268 dividend. This represents a yield of 1.4%. The ex-dividend date was Tuesday, April 8th. MINISO Group's dividend payout ratio is presently 56.76%.

About MINISO Group

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.