Victory Capital Management Inc. Acquires 230,769 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Victory Capital Management Inc. lifted its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,193,474 shares of the company's stock after buying an additional 230,769 shares during the quarter. Victory Capital Management Inc. owned approximately 0.38% of MINISO Group worth $24,347,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in MINISO Group by 95.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company's stock valued at $26,000 after purchasing an additional 492 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in MINISO Group in the 4th quarter valued at about $206,000. Handelsinvest Investeringsforvaltning bought a new stake in MINISO Group in the 4th quarter valued at about $231,000. B. Riley Wealth Advisors Inc. acquired a new position in MINISO Group during the 3rd quarter valued at about $339,000. Finally, Perigon Wealth Management LLC acquired a new position in MINISO Group during the 3rd quarter valued at about $343,000. 17.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. started coverage on shares of MINISO Group in a research note on Tuesday, April 30th. They set an "overweight" rating and a $30.00 target price on the stock.

MINISO Group Price Performance

Shares of MNSO traded up $0.27 during mid-day trading on Thursday, hitting $24.79. The company's stock had a trading volume of 1,619,415 shares, compared to its average volume of 1,586,797. MINISO Group Holding Limited has a fifty-two week low of $14.46 and a fifty-two week high of $29.92. The firm has a 50-day moving average price of $20.82 and a 200 day moving average price of $21.24. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.00 and a beta of 0.23. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 1.91.

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

MINISO Group Announces Dividend

The firm also recently declared a None dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a $0.29 dividend. This represents a yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group's dividend payout ratio (DPR) is presently 38.24%.

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.