Vise Technologies Inc. Buys Shares of 15,332 MINISO Group Holding Limited (NYSE:MNSO)

Vise Technologies Inc. acquired a new position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 15,332 shares of the company's stock, valued at approximately $366,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in shares of MINISO Group by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after buying an additional 734 shares in the last quarter. Northern Trust Corp raised its stake in shares of MINISO Group by 3.3% during the 4th quarter. Northern Trust Corp now owns 24,232 shares of the company's stock worth $579,000 after buying an additional 784 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of MINISO Group during the 4th quarter worth approximately $31,000. Barclays PLC purchased a new position in shares of MINISO Group during the 4th quarter worth approximately $36,000. Finally, Blue Trust Inc. raised 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 buying an additional 3,464 shares in the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MNSO. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $20.00 target price on shares of MINISO Group in a research note on Tuesday. JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. Finally, HSBC assumed coverage on MINISO Group in a research note on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.53.

MINISO Group Price Performance

NYSE MNSO traded down $0.51 during mid-day trading on Friday, hitting $17.01. The stock had a trading volume of 1,158,229 shares, compared to its average volume of 1,728,008. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $27.71. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 0.80 and a beta of 0.18. The company has a 50 day simple moving average of $17.88 and a 200 day simple moving average of $20.59. 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 (NYSE:MNSO - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($1.85). The firm had revenue of $609.87 million during the quarter, compared to analysts' expectations of $4.35 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. Equities analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

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

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.