Van ECK Associates Corp Increases Position in MINISO Group Holding Limited (NYSE:MNSO)

Van ECK Associates Corp boosted its position in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 615,473 shares of the company's stock after buying an additional 64,373 shares during the quarter. Van ECK Associates Corp owned approximately 0.19% of MINISO Group worth $12,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Diversified Trust Co purchased a new stake in shares of MINISO Group during the third quarter worth $575,000. XY Capital Ltd boosted its position in shares of MINISO Group by 409.9% in the third quarter. XY Capital Ltd now owns 104,786 shares of the company's stock valued at $2,714,000 after acquiring an additional 84,236 shares during the period. Andra AP fonden grew its stake in MINISO Group by 32.7% during the third quarter. Andra AP fonden now owns 214,300 shares of the company's stock valued at $5,550,000 after acquiring an additional 52,800 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in MINISO Group by 3.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 149,900 shares of the company's stock worth $3,880,000 after acquiring an additional 5,100 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in MINISO Group by 31.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,200 shares of the company's stock worth $5,470,000 after purchasing an additional 50,150 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Trading Down 0.7 %

MNSO traded down $0.18 on Friday, hitting $24.02. 1,358,302 shares of the company were exchanged, compared to its average volume of 1,592,009. 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 firm has a fifty day simple moving average of $20.37 and a two-hundred day simple moving average of $21.30. The stock has a market capitalization of $7.59 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. MINISO Group Holding Limited has a 12 month low of $14.46 and a 12 month high of $29.92.

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

MINISO Group Announces Dividend

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

Wall Street Analyst Weigh In

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

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.