Schonfeld Strategic Advisors LLC Buys New Stake in MINISO Group Holding Limited (NYSE:MNSO)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,400 shares of the company's stock, valued at approximately $1,085,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MNSO. HCEP Management Ltd bought a new position in MINISO Group in the fourth quarter worth approximately $40,613,000. Candriam S.C.A. bought a new position in MINISO Group in the fourth quarter worth approximately $9,986,000. Norges Bank bought a new position in MINISO Group in the fourth quarter worth approximately $2,839,000. Taikang Asset Management Hong Kong Co Ltd bought a new position in MINISO Group in the fourth quarter worth approximately $2,628,000. Finally, Hsbc Holdings PLC raised its position in MINISO Group by 78.0% in the fourth 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 period. Institutional investors own 17.16% of the company's stock.

MINISO Group Price Performance

Shares of NYSE MNSO traded down $0.55 during midday trading on Tuesday, reaching $20.08. The stock had a trading volume of 329,488 shares, compared to its average volume of 1,710,543. The stock has a 50-day moving average of $18.07 and a 200-day moving average of $20.58. 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 company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. MINISO Group Holding Limited has a 12-month low of $12.51 and a 12-month high of $27.71.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.61 by ($2.25). The firm had revenue of $646.49 million during the quarter, compared to analysts' expectations of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. As a group, research analysts anticipate that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th were paid a $0.3268 dividend. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group's dividend payout ratio (DPR) is presently 53.39%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. HSBC assumed coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target on the stock. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.03.

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.