Tairen Capital Ltd Increases Position in MINISO Group Holding Limited (NYSE:MNSO)

Tairen Capital Ltd raised its stake in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 211.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 218,170 shares of the company's stock after buying an additional 148,170 shares during the period. MINISO Group comprises about 0.8% of Tairen Capital Ltd's portfolio, making the stock its 29th largest holding. Tairen Capital Ltd owned 0.07% of MINISO Group worth $5,212,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. SG Americas Securities LLC purchased a new position in MINISO Group during the fourth quarter valued at approximately $163,000. Blue Trust Inc. grew its stake in shares of 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 during the period. US Bancorp DE increased its holdings in shares of MINISO Group by 344.7% during the 4th quarter. US Bancorp DE now owns 11,864 shares of the company's stock valued at $283,000 after purchasing an additional 9,196 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of MINISO Group in the 4th quarter valued at $31,000. Finally, Candriam S.C.A. acquired a new position in shares of MINISO Group in the 4th quarter valued at $9,986,000. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Price Performance

Shares of NYSE MNSO traded down $4.19 during trading on Friday, hitting $18.01. The company had a trading volume of 6,553,638 shares, compared to its average volume of 1,707,371. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. The stock has a fifty day simple moving average of $18.14 and a two-hundred day simple moving average of $20.62. 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 Holding Limited has a fifty-two week low of $12.51 and a fifty-two week high of $27.71.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly 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). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. On average, research analysts expect that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

MINISO Group Dividend Announcement

The company also recently declared a -- dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th were paid a $0.3268 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, April 8th. MINISO Group's dividend payout ratio is presently 53.39%.

Wall Street Analyst Weigh In

MNSO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $15.00 to $22.00 in a report on Tuesday, March 25th. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. Finally, HSBC began coverage on MINISO Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, MINISO Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.03.

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.