Legal & General Group Plc Cuts Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

Legal & General Group Plc lowered its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,205 shares of the company's stock after selling 202,027 shares during the period. Legal & General Group Plc owned about 0.11% of MINISO Group worth $8,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in MINISO Group during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its stake in MINISO Group by 83.0% during the fourth 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. FMR LLC lifted its holdings in shares of MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company's stock valued at $73,000 after acquiring an additional 2,884 shares during the period. SG Americas Securities LLC acquired a new position in MINISO Group in the fourth quarter valued at about $163,000. Finally, Orion Portfolio Solutions LLC bought a new stake in MINISO Group during the 4th quarter worth approximately $202,000. Institutional investors own 17.16% of the company's stock.

MINISO Group Stock Performance

MNSO stock traded up $0.21 during midday trading on Thursday, reaching $17.21. 185,903 shares of the company were exchanged, compared to its average volume of 1,725,381. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The business has a 50-day moving average price of $18.76 and a two-hundred day moving average price of $20.49. MINISO Group Holding Limited has a one year low of $12.51 and a one year high of $27.71.

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

MINISO Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MNSO. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded 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 report on Tuesday, March 25th. Finally, HSBC began coverage on MINISO Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.