Blue Trust Inc. Boosts Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

Blue Trust Inc. increased its stake in MINISO Group Holding Limited (NYSE:MNSO) by 167.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,210 shares of the company’s stock after purchasing an additional 3,259 shares during the quarter. Blue Trust Inc.’s holdings in MINISO Group were worth $99,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in MINISO Group in the 1st quarter valued at $7,462,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in MINISO Group by 33.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,668 shares of the company’s stock valued at $1,838,000 after buying an additional 22,643 shares during the period. Janney Montgomery Scott LLC grew its position in MINISO Group by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after buying an additional 2,301 shares in the last quarter. Capstone Investment Advisors LLC increased its stake in MINISO Group by 139.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 46,056 shares of the company’s stock worth $944,000 after acquiring an additional 26,793 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of MINISO Group by 10.1% in the 1st quarter. Nordea Investment Management AB now owns 255,368 shares of the company’s stock valued at $5,240,000 after acquiring an additional 23,328 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MNSO has been the subject of several recent analyst reports. Bank of America lowered MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Finally, Citigroup began coverage on MINISO Group in a research note on Friday, October 4th. They issued a “buy” rating and a $26.80 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.90.

MINISO Group Trading Up 0.2 %

Shares of MNSO opened at $19.28 on Wednesday. MINISO Group Holding Limited has a fifty-two week low of $12.51 and a fifty-two week high of $28.16. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 0.72 and a beta of 0.18. The firm has a 50 day moving average price of $16.83 and a 200-day moving average price of $18.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $557.54 million. As a group, equities research analysts forecast that MINISO Group Holding Limited will post 1.23 earnings per share for the current year.

MINISO Group Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a dividend of $0.274 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s payout ratio is 48.15%.

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.