Invesco Ltd. Lowers Holdings in MINISO Group Holding Limited Unsponsored ADR $MNSO

Key Points

• Invesco Ltd. reduced its stake in MINISO Group by 29.1%, maintaining 28,319 shares worth approximately $524,000 after the sale.
• MINISO Group reported a missed earnings estimate for the quarter with an EPS of $0.22 against a consensus of $1.74, and a revenue of $692.93 million compared to the expected $4.85 billion.
• Wall Street analysts have issued a mix of ratings for MINISO Group's stock, with an average rating of "Moderate Buy" and a target price of $24.86.

Invesco Ltd. trimmed its stake in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 29.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,319 shares of the company's stock after selling 11,639 shares during the quarter. Invesco Ltd.'s holdings in MINISO Group were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in MINISO Group during the 1st quarter worth approximately $214,000. AI Squared Management Ltd grew its position in MINISO Group by 63.4% during the 1st quarter. AI Squared Management Ltd now owns 103,945 shares of the company's stock worth $1,922,000 after acquiring an additional 40,328 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in MINISO Group during the 1st quarter worth approximately $74,000. Mackenzie Financial Corp grew its position in MINISO Group by 8.0% during the 1st quarter. Mackenzie Financial Corp now owns 192,620 shares of the company's stock worth $3,562,000 after acquiring an additional 14,278 shares during the last quarter. Finally, Infini Capital Management Ltd bought a new position in MINISO Group during the 1st quarter worth approximately $289,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Stock Down 0.2%

Shares of NYSE MNSO traded down $0.04 during mid-day trading on Thursday, hitting $25.27. 475,075 shares of the stock traded hands, compared to its average volume of 1,387,398. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.50 and a current ratio of 1.92. MINISO Group Holding Limited Unsponsored ADR has a 52 week low of $12.51 and a 52 week high of $27.71. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.61 and a beta of 0.18. The stock has a fifty day moving average price of $20.92 and a 200-day moving average price of $19.27.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($1.52). MINISO Group had a net margin of 12.63% and a return on equity of 22.60%. The firm had revenue of $692.93 million for the quarter, compared to the consensus estimate of $4.85 billion. Research analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.19 EPS for the current year.

MINISO Group Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.2896 per share. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 236.0%. MINISO Group's payout ratio is currently 52.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America upgraded MINISO Group from an "underperform" rating to a "neutral" rating in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $20.00 price target on shares of MINISO Group in a research note on Tuesday, May 27th. Dbs Bank raised shares of MINISO Group to a "moderate buy" rating in a research report on Friday, August 22nd. Finally, Jefferies Financial Group upgraded shares of MINISO Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $18.50 to $26.20 in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.86.

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.