MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by State Street Corp

State Street Corp trimmed its holdings in MINISO Group Holding Limited (NYSE:MNSO) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,077,704 shares of the company’s stock after selling 103,759 shares during the quarter. State Street Corp owned approximately 0.34% of MINISO Group worth $18,903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of MINISO Group by 34.6% in the second quarter. Principal Financial Group Inc. now owns 489,831 shares of the company’s stock valued at $9,341,000 after buying an additional 125,831 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in MINISO Group during the 2nd quarter worth approximately $118,000. Van ECK Associates Corp increased its holdings in shares of MINISO Group by 2.5% in the second quarter. Van ECK Associates Corp now owns 543,074 shares of the company’s stock valued at $10,357,000 after purchasing an additional 13,409 shares during the period. National Bank of Canada FI purchased a new stake in shares of MINISO Group during the second quarter worth approximately $5,955,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of MINISO Group by 3.3% during the second quarter. Victory Capital Management Inc. now owns 1,588,191 shares of the company’s stock worth $30,287,000 after purchasing an additional 50,650 shares during the period. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

MNSO stock opened at $24.14 on Tuesday. The firm has a 50 day moving average of $19.84 and a 200-day moving average of $18.31. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.05 and a beta of 0.14. 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 Holding Limited has a 12-month low of $12.51 and a 12-month high of $25.50.

Analyst Ratings Changes

Several brokerages have issued reports on MNSO. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. Citigroup initiated coverage on MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 target price on the stock. Jefferies Financial Group reissued a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.90.

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.