Two Sigma Investments LP Invests $1.51 Million in MINISO Group Holding Limited (NYSE:MNSO)

Two Sigma Investments LP purchased a new stake in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 63,363 shares of the company's stock, valued at approximately $1,514,000.

Several other hedge funds and other institutional investors have also modified their holdings of MNSO. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its position in MINISO Group by 76.6% during the fourth quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock valued at $219,835,000 after acquiring an additional 3,992,300 shares in the last quarter. HCEP Management Ltd acquired a new stake in shares of MINISO Group in the fourth quarter worth $40,613,000. Candriam S.C.A. acquired a new stake in MINISO Group during the fourth quarter worth $9,986,000. BNP Paribas Financial Markets bought a new stake in MINISO Group in the 4th quarter valued at $3,780,000. Finally, MY.Alpha Management HK Advisors Ltd increased its holdings in MINISO Group by 37.5% in the 4th quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company's stock valued at $13,258,000 after buying an additional 151,364 shares during the period. Institutional investors and hedge funds own 17.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MNSO shares. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $15.00 to $22.00 in a research note on Tuesday, March 25th. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. 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. Finally, HSBC initiated coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.53.

MINISO Group Stock Down 0.8%

Shares of MNSO traded down $0.14 during mid-day trading on Friday, hitting $18.00. 983,664 shares of the company's stock were exchanged, compared to its average volume of 1,723,346. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $27.71. The company has a 50-day simple moving average of $17.76 and a 200 day simple moving average of $20.58. The company has a market cap of $5.63 billion, a PE ratio of 16.22, a P/E/G ratio of 0.80 and a beta of 0.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings results on Friday, May 23rd. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $2.04 by ($1.85). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The company had revenue of $609.87 million for the quarter, compared to analyst estimates of $4.35 billion. On average, research analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

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

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.