abrdn plc Has $326,000 Stake in MINISO Group Holding Limited (NYSE:MNSO)

abrdn plc lowered its position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 76.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,961 shares of the company's stock after selling 51,174 shares during the quarter. abrdn plc's holdings in MINISO Group were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNSO. Acadian Asset Management LLC raised its position in MINISO Group by 8.1% in the third quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company's stock valued at $91,456,000 after purchasing an additional 265,483 shares during the period. Vanguard Group Inc. raised its position in MINISO Group by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company's stock valued at $90,393,000 after purchasing an additional 49,492 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its position in MINISO Group by 45.1% in the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company's stock valued at $83,507,000 after purchasing an additional 1,002,600 shares during the period. Matthews International Capital Management LLC purchased a new position in MINISO Group in the third quarter valued at about $14,503,000. Finally, Teacher Retirement System of Texas increased its position in shares of MINISO Group by 53.9% during the third quarter. Teacher Retirement System of Texas now owns 473,353 shares of the company's stock worth $12,260,000 after acquiring an additional 165,693 shares during the last quarter. Institutional investors and hedge funds own 17.16% of the company's stock.

MINISO Group Stock Down 1.2 %

Shares of NYSE MNSO traded down $0.27 during midday trading on Wednesday, reaching $22.20. 400,796 shares of the company's stock were exchanged, compared to its average volume of 1,595,218. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34. The stock has a market capitalization of $7.01 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 0.96 and a beta of 0.27. MINISO Group Holding Limited has a 52-week low of $14.46 and a 52-week high of $29.92. The business's fifty day moving average price is $20.20 and its two-hundred day moving average price is $21.27.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. The firm had revenue of $541.04 million during the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. Analysts forecast that MINISO Group Holding Limited will post 1.24 EPS for the current year.

MINISO Group Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.29 dividend. This represents a yield of 2%. The ex-dividend date was Wednesday, March 27th. MINISO Group's dividend payout ratio is currently 38.24%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. began coverage on MINISO Group in a research report on Tuesday. They set an "overweight" rating and a $30.00 target price on the stock.

MINISO Group Company 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.