Hsbc Holdings PLC Purchases 79,455 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Hsbc Holdings PLC boosted its position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 78.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 181,328 shares of the company's stock after purchasing an additional 79,455 shares during the period. Hsbc Holdings PLC owned about 0.06% of MINISO Group worth $4,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MNSO. SBI Securities Co. Ltd. bought a new position in MINISO Group during the fourth quarter valued at about $31,000. Barclays PLC bought a new position in shares of MINISO Group during the 4th quarter valued at approximately $36,000. EverSource Wealth Advisors LLC increased 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 purchasing an additional 734 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of MINISO Group in the 4th quarter worth approximately $163,000. Finally, Orion Portfolio Solutions LLC purchased a new position in MINISO Group in the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Price Performance

MNSO stock traded up $0.35 during midday trading on Monday, hitting $18.48. The company's stock had a trading volume of 234,243 shares, compared to its average volume of 1,222,801. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. The company has a 50 day moving average of $18.25 and a two-hundred day moving average of $20.52. 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 12 month low of $12.51 and a 12 month high of $27.71.

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

MINISO Group Announces Dividend

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

Analyst Ratings Changes

MNSO has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded 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 report on Tuesday, March 25th. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. Finally, HSBC initiated coverage on MINISO Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, MINISO Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.03.

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.