Tairen Capital Ltd Grows Stake in MINISO Group Holding Limited (NYSE:MNSO)

Tairen Capital Ltd grew its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 211.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 218,170 shares of the company's stock after buying an additional 148,170 shares during the quarter. MINISO Group makes up about 0.8% of Tairen Capital Ltd's investment portfolio, making the stock its 29th largest holding. Tairen Capital Ltd owned approximately 0.07% of MINISO Group worth $5,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of MINISO Group in the 4th quarter worth approximately $31,000. Barclays PLC bought a new position in shares of MINISO Group in the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC raised its position in shares of MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after acquiring an additional 734 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of MINISO Group in the 4th quarter worth approximately $163,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of MINISO Group in the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 17.16% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MNSO. HSBC began coverage on MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective for the company. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded 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 research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.03.

MINISO Group Stock Down 2.3%

MINISO Group stock opened at $20.30 on Friday. MINISO Group Holding Limited has a 12 month low of $12.51 and a 12 month high of $27.71. The stock has a fifty day simple moving average of $18.11 and a two-hundred day simple moving average of $20.59. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The business had revenue of $646.49 million during the quarter, compared to analysts' expectations of $4.82 billion. Equities analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

MINISO Group Announces Dividend

The firm 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 currently 53.39%.

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.

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