The Manufacturers Life Insurance Company Acquires 75,697 Shares of MINISO Group Holding Limited (NYSE:MNSO)

The Manufacturers Life Insurance Company grew its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 215,206 shares of the company's stock after purchasing an additional 75,697 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of MINISO Group worth $5,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MNSO. Geode Capital Management LLC boosted its holdings in shares of MINISO Group by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 66,540 shares of the company's stock valued at $1,167,000 after acquiring an additional 1,027 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of MINISO Group by 14.9% during the 4th quarter. Nordea Investment Management AB now owns 333,729 shares of the company's stock valued at $8,020,000 after acquiring an additional 43,151 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of MINISO Group during the 4th quarter valued at $163,000. Blue Trust Inc. boosted its holdings in shares of MINISO Group by 66.5% during the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company's stock valued at $207,000 after acquiring an additional 3,464 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of MINISO Group by 344.7% during the 4th quarter. US Bancorp DE now owns 11,864 shares of the company's stock valued at $283,000 after acquiring an additional 9,196 shares in the last quarter. Institutional investors own 17.16% of the company's stock.

Analysts Set New Price Targets

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

MINISO Group Trading Down 2.7%

Shares of MINISO Group stock traded down $0.55 during midday trading on Tuesday, reaching $20.08. The company had a trading volume of 329,488 shares, compared to its average volume of 1,710,543. The stock has a fifty day moving average price of $18.07 and a 200 day moving average price of $20.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The firm has a market cap of $6.28 billion, a PE ratio of 18.09, a P/E/G ratio of 0.80 and a beta of 0.18. MINISO Group Holding Limited has a fifty-two week low of $12.51 and a fifty-two week high of $27.71.

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

MINISO Group Announces Dividend

The firm also recently announced a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were issued a $0.3268 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's payout ratio is currently 53.39%.

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.