MINISO Group Holding Limited (NYSE:MNSO) Shares Purchased by KEYWISE CAPITAL MANAGEMENT HK Ltd

KEYWISE CAPITAL MANAGEMENT HK Ltd raised its stake in MINISO Group Holding Limited (NYSE:MNSO) by 76.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,201,950 shares of the company’s stock after purchasing an additional 3,992,300 shares during the quarter. MINISO Group accounts for about 18.0% of KEYWISE CAPITAL MANAGEMENT HK Ltd’s portfolio, making the stock its 2nd largest position. KEYWISE CAPITAL MANAGEMENT HK Ltd’s holdings in MINISO Group were worth $219,835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. HCEP Management Ltd purchased a new position in MINISO Group in the fourth quarter worth approximately $40,613,000. Candriam S.C.A. acquired a new stake in shares of MINISO Group in the 4th quarter valued at $9,986,000. The Manufacturers Life Insurance Company lifted its position in shares of MINISO Group by 54.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 215,206 shares of the company’s stock worth $5,141,000 after purchasing an additional 75,697 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of MINISO Group by 78.0% during the fourth quarter. Hsbc Holdings PLC now owns 181,328 shares of the company’s stock worth $4,342,000 after purchasing an additional 79,455 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in MINISO Group in the fourth quarter valued at $3,780,000. 17.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised MINISO Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. HSBC initiated coverage on MINISO Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target for the company. Finally, Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. One equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.03.

MINISO Group Price Performance

Shares of NYSE MNSO opened at $19.67 on Friday. The stock has a market cap of $6.15 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.80 and a beta of 0.18. MINISO Group Holding Limited has a twelve month low of $12.51 and a twelve month high of $27.71. The stock has a 50 day moving average of $18.06 and a two-hundred day moving average of $20.54. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The business had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. On average, research analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

MINISO Group Announces Dividend

The company also recently disclosed a — dividend, which was paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th were given 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 dividend payout ratio (DPR) is 53.39%.

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.