MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 78.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,295 shares of the company's stock after selling 252,800 shares during the period. Renaissance Technologies LLC's holdings in MINISO Group were worth $1,655,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after acquiring an additional 734 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of MINISO Group by 1.6% during the third quarter. Geode Capital Management LLC now owns 66,540 shares of the company's stock valued at $1,167,000 after purchasing an additional 1,027 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of MINISO Group in the fourth quarter worth about $31,000. Blue Trust Inc. increased its stake in MINISO Group by 66.5% in the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock worth $207,000 after buying an additional 3,464 shares during the period. Finally, SG Americas Securities LLC bought a new stake in MINISO Group during the 4th quarter valued at about $163,000. Institutional investors own 17.16% of the company's stock.

MINISO Group Stock Down 1.8 %

NYSE:MNSO traded down $0.32 during midday trading on Friday, reaching $17.88. 257,705 shares of the stock traded hands, compared to its average volume of 1,709,924. The business has a 50-day moving average of $18.30 and a two-hundred day moving average of $20.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. MINISO Group Holding Limited has a 12-month low of $12.51 and a 12-month high of $27.71. The stock has a market capitalization of $5.59 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its earnings results 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 business had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. On average, equities analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently declared a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were paid 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 53.39%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MNSO. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. Finally, HSBC initiated coverage on MINISO Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.