MINISO Group Holding Limited (NYSE:MNSO) Position Trimmed by LMR Partners LLP

LMR Partners LLP decreased its position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 83.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,339 shares of the company's stock after selling 539,715 shares during the quarter. LMR Partners LLP's holdings in MINISO Group were worth $2,612,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MNSO. SG Americas Securities LLC acquired a new position in shares of MINISO Group during the fourth quarter valued at $163,000. Blue Trust Inc. raised its stake in shares of MINISO Group by 66.5% during the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock valued at $207,000 after purchasing an additional 3,464 shares in the last quarter. US Bancorp DE raised its stake in shares of MINISO Group by 344.7% during the fourth quarter. US Bancorp DE now owns 11,864 shares of the company's stock valued at $283,000 after purchasing an additional 9,196 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of MINISO Group during the fourth quarter valued at about $31,000. Finally, Candriam S.C.A. bought a new stake in shares of MINISO Group during the fourth quarter valued at about $9,986,000. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Price Performance

NYSE MNSO traded down $0.47 on Friday, reaching $20.30. The company's stock had a trading volume of 564,005 shares, compared to its average volume of 1,699,291. The firm's 50 day moving average is $18.11 and its two-hundred day moving average is $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 $6.35 billion, a PE ratio of 18.29, a PEG 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 quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($2.25). The company had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. As a group, sell-side analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's payout ratio is presently 53.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. HSBC began 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. Finally, JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $15.00 to $22.00 in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.03.

MINISO Group 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.