Nordea Investment Management AB Has $7.22 Million Holdings in MINISO Group Holding Limited Unsponsored ADR $MNSO

Key Points

• Nordea Investment Management AB increased its holdings in MINISO Group Holding Limited by 5.7%, owning 397,322 shares valued at approximately $7.22 million.
• Multiple hedge funds boosted their stakes in MINISO Group, with notable increases such as Brooklyn Investment Group's 579.4% rise in the first quarter.
• Analysts are optimistic about MINISO Group, with several raising their ratings and forecasts, including Jefferies Financial Group upgrading to a "buy" with a price target of $26.20.

Nordea Investment Management AB lifted its holdings in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 397,322 shares of the company's stock after purchasing an additional 21,299 shares during the period. Nordea Investment Management AB owned 0.13% of MINISO Group worth $7,215,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group raised its stake in MINISO Group by 579.4% during the first quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock worth $31,000 after buying an additional 1,408 shares during the last quarter. GFG Capital LLC bought a new position in MINISO Group during the second quarter worth $58,000. Banque Cantonale Vaudoise bought a new position in MINISO Group during the first quarter worth $74,000. Caitong International Asset Management Co. Ltd raised its stake in MINISO Group by 884.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,719 shares of the company's stock worth $106,000 after buying an additional 5,138 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in MINISO Group during the first quarter worth $214,000. Institutional investors own 17.16% of the company's stock.

Wall Street Analysts Forecast Growth

MNSO has been the subject of a number of analyst reports. Dbs Bank raised shares of MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of MINISO Group in a research note on Wednesday, October 8th. Jefferies Financial Group raised shares of MINISO Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $18.50 to $26.20 in a research note on Friday, August 22nd. Finally, Bank of America raised shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, August 21st. 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.38.

MINISO Group Trading Up 2.0%

NYSE:MNSO opened at $22.49 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.92 and a quick ratio of 1.50. The firm has a 50-day moving average of $23.20 and a 200-day moving average of $19.86. The company has a market cap of $6.96 billion, a PE ratio of 21.01, a PEG ratio of 1.41 and a beta of 0.16. MINISO Group Holding Limited Unsponsored ADR has a one year low of $13.94 and a one year high of $27.71.

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

MINISO Group Cuts Dividend

The firm also recently announced a -- dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.2896 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a dividend yield of 236.0%. MINISO Group's payout ratio is presently 52.34%.

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.

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