KEYWISE CAPITAL MANAGEMENT HK Ltd increased its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 76.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,201,950 shares of the company's stock after acquiring an additional 3,992,300 shares during the quarter. MINISO Group comprises 18.0% of KEYWISE CAPITAL MANAGEMENT HK Ltd's investment portfolio, making the stock its 2nd biggest position. KEYWISE CAPITAL MANAGEMENT HK Ltd owned about 2.94% of MINISO Group worth $219,835,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. HCEP Management Ltd purchased a new stake in shares of MINISO Group in the fourth quarter valued at approximately $40,613,000. Candriam S.C.A. acquired a new position in MINISO Group during the fourth quarter worth $9,986,000. The Manufacturers Life Insurance Company grew its holdings in MINISO Group by 54.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 215,206 shares of the company's stock valued at $5,141,000 after buying an additional 75,697 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of MINISO Group by 78.0% in the 4th quarter. Hsbc Holdings PLC now owns 181,328 shares of the company's stock worth $4,342,000 after acquiring an additional 79,455 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of MINISO Group during the 4th quarter worth $3,780,000. Hedge funds and other institutional investors own 17.16% of the company's stock.
MINISO Group Stock Performance
Shares of MNSO stock opened at $19.67 on Friday. MINISO Group Holding Limited has a one year low of $12.51 and a one year high of $27.71. 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 firm's 50 day moving average price is $18.06 and its 200-day moving average price is $20.54. The firm has a market cap of $6.15 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.80 and a beta of 0.18.
MINISO Group (NYSE:MNSO - Get Free Report) last released 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 firm 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, equities research analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current year.
MINISO Group Announces Dividend
The firm also recently declared a -- dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th were given 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 presently 53.39%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on MNSO. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, HSBC started coverage on MINISO Group in a 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 given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.03.
Check Out Our Latest Analysis on MNSO
About MINISO Group
(
Free Report)
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.
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