Vise Technologies Inc. Buys New Position in MINISO Group Holding Limited (NYSE:MNSO)

Vise Technologies Inc. purchased a new position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,332 shares of the company's stock, valued at approximately $366,000.

Several other hedge funds have also recently added to or reduced their stakes in MNSO. SBI Securities Co. Ltd. purchased a new stake in shares of MINISO Group during the fourth quarter worth $31,000. Barclays PLC acquired a new position in MINISO Group during the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC grew its stake in MINISO Group by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after acquiring an additional 734 shares in the last quarter. SG Americas Securities LLC purchased a new position in MINISO Group in the 4th quarter worth approximately $163,000. Finally, Orion Portfolio Solutions LLC purchased a new position in MINISO Group in the 4th quarter worth approximately $202,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Trading Down 0.5%

Shares of MINISO Group stock traded down $0.09 during trading hours on Wednesday, hitting $17.32. The company's stock had a trading volume of 1,083,932 shares, compared to its average volume of 1,725,687. The firm has a fifty day moving average of $17.92 and a 200-day moving average of $20.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.80 and a beta of 0.18. MINISO Group Holding Limited has a twelve month low of $12.51 and a twelve month high of $27.71.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its earnings results on Friday, May 23rd. The company reported $0.19 EPS 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%. The company had revenue of $609.87 million during the quarter, compared to analyst estimates of $4.35 billion. Research analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on MNSO shares. HSBC initiated 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $20.00 target price on shares of MINISO Group in a research note on Tuesday. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. One equities research 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 company's stock. Based on data from MarketBeat.com, MINISO Group presently has an average rating of "Moderate Buy" and an average target price of $24.53.

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.