LMR Partners LLP Decreases Position in MINISO Group Holding Limited (NYSE:MNSO)

LMR Partners LLP decreased its position in MINISO Group Holding Limited (NYSE:MNSO) by 83.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,339 shares of the company’s stock after selling 539,715 shares during the quarter. LMR Partners LLP’s holdings in MINISO Group were worth $2,612,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MNSO. SG Americas Securities LLC purchased a new position in shares of MINISO Group in the fourth quarter valued at about $163,000. Blue Trust Inc. increased its position in shares of MINISO Group by 66.5% in the fourth 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 during the period. US Bancorp DE increased its position in shares of MINISO Group by 344.7% in the fourth 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 during the period. SBI Securities Co. Ltd. purchased a new position in shares of MINISO Group in the fourth quarter valued at about $31,000. Finally, Candriam S.C.A. purchased a new position in shares of MINISO Group in the fourth quarter valued at about $9,986,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Down 3.9%

MNSO stock opened at $19.83 on Wednesday. MINISO Group Holding Limited has a fifty-two week low of $12.51 and a fifty-two week high of $27.71. The business’s 50 day moving average price is $18.08 and its two-hundred day moving average price is $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 $6.20 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last posted its 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 firm had revenue of $646.49 million for the quarter, compared to analysts’ expectations of $4.82 billion. As a group, analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The company also recently announced a — dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.3268 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group’s dividend payout ratio (DPR) is 53.39%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MNSO. HSBC began coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective on the stock. JPMorgan Chase & Co. upgraded shares of MINISO Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. 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 given a strong buy rating to the stock. According to MarketBeat, the stock 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.