B. Riley Wealth Advisors Inc. Sells 2,982 Shares of MINISO Group Holding Limited (NYSE:MNSO)

B. Riley Wealth Advisors Inc. lowered its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 22.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,089 shares of the company’s stock after selling 2,982 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in MINISO Group were worth $206,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Bridgefront Capital LLC purchased a new position in MINISO Group during the 4th quarter valued at $679,000. Prudential PLC boosted its holdings in MINISO Group by 884.5% during the 4th quarter. Prudential PLC now owns 217,548 shares of the company’s stock valued at $4,438,000 after acquiring an additional 195,451 shares during the period. Carmignac Gestion boosted its holdings in MINISO Group by 95,834.7% during the 4th quarter. Carmignac Gestion now owns 735,819 shares of the company’s stock valued at $15,010,000 after acquiring an additional 735,052 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in MINISO Group by 111.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 32,351 shares of the company’s stock valued at $660,000 after acquiring an additional 17,043 shares during the period. Finally, Axiom Investors LLC DE lifted its holdings in shares of MINISO Group by 111.7% in the 4th quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock worth $33,582,000 after buying an additional 868,599 shares during the period. Institutional investors own 17.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. started coverage on MINISO Group in a report on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 target price for the company.

MINISO Group Price Performance

Shares of MNSO stock opened at $19.09 on Friday. MINISO Group Holding Limited has a twelve month low of $15.71 and a twelve month high of $29.92. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 0.70 and a beta of 0.21. The stock has a fifty day simple moving average of $22.35 and a two-hundred day simple moving average of $20.51. The company has a current ratio of 2.18, a quick ratio of 1.80 and a debt-to-equity ratio of 0.10.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.26 EPS for the quarter. The firm had revenue of $515.70 million during the quarter. MINISO Group had a return on equity of 26.19% and a net margin of 16.23%. During the same period in the previous year, the firm posted $0.22 earnings per share. On average, analysts predict that MINISO Group Holding Limited will post 1.24 EPS for the current fiscal year.

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.