Point72 Asia Singapore Pte. Ltd. Acquires Shares of 1,351 MINISO Group Holding Limited (NYSE:MNSO)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,351 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC lifted its position in MINISO Group by 111.3% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 32,351 shares of the company’s stock worth $660,000 after buying an additional 17,043 shares during the period. Prudential PLC lifted its holdings in MINISO Group by 884.5% during the 4th quarter. Prudential PLC now owns 217,548 shares of the company’s stock worth $4,438,000 after buying an additional 195,451 shares during the last quarter. Bridgefront Capital LLC acquired a new position in MINISO Group in the fourth quarter worth $679,000. Deltec Asset Management LLC acquired a new position in shares of MINISO Group in the 1st quarter valued at about $587,000. Finally, XY Capital Ltd bought a new position in MINISO Group during the 1st quarter worth $1,257,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MNSO. Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Dbs Bank raised MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price objective (down from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Finally, Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.00.

MINISO Group Stock Up 7.5 %

NYSE MNSO opened at $18.86 on Wednesday. The stock’s 50 day simple moving average is $15.88 and its 200 day simple moving average is $19.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The firm has a market cap of $5.96 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 0.56 and a beta of 0.17. MINISO Group Holding Limited has a one year low of $12.51 and a one year high of $28.28.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The business had revenue of $555.26 million for the quarter, compared to analyst estimates of $557.54 million. As a group, sell-side analysts forecast that MINISO Group Holding Limited will post 1.23 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a $0.274 dividend. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio is 49.06%.

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.