Millennium Management LLC Sells 550,348 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Millennium Management LLC reduced its stake in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 75.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 176,966 shares of the company's stock after selling 550,348 shares during the period. Millennium Management LLC owned about 0.06% of MINISO Group worth $4,228,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNSO. SG Americas Securities LLC bought a new stake in MINISO Group during the 4th quarter worth approximately $163,000. Blue Trust Inc. increased its holdings in MINISO Group by 66.5% during the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock worth $207,000 after purchasing an additional 3,464 shares in the last quarter. US Bancorp DE increased its holdings in MINISO Group by 344.7% during the 4th quarter. US Bancorp DE now owns 11,864 shares of the company's stock worth $283,000 after purchasing an additional 9,196 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in MINISO Group during the 4th quarter worth approximately $31,000. Finally, Candriam S.C.A. bought a new stake in MINISO Group during the 4th quarter worth approximately $9,986,000. 17.16% of the stock is owned by institutional investors.

MINISO Group Stock Down 0.0%

Shares of MNSO stock traded down $0.01 during trading hours on Tuesday, hitting $17.17. 669,192 shares of the company's stock traded hands, compared to its average volume of 1,724,668. MINISO Group Holding Limited has a 12-month low of $12.51 and a 12-month high of $27.71. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 0.80 and a beta of 0.18. The stock's fifty day simple moving average is $17.80 and its two-hundred day simple moving average is $20.59. 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 announced its earnings results on Friday, May 23rd. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $2.04 by ($1.85). The company had revenue of $609.87 million for the quarter, compared to analysts' expectations of $4.35 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. On average, analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. HSBC began coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target on the stock. JPMorgan Chase & Co. upgraded MINISO Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $20.00 target price on shares of MINISO Group in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.53.

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.