American Century Companies Inc. Cuts Position in MINISO Group Holding Limited (NYSE:MNSO)

American Century Companies Inc. trimmed its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 15.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,728 shares of the company’s stock after selling 25,038 shares during the quarter. American Century Companies Inc.’s holdings in MINISO Group were worth $2,588,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in MINISO Group by 55.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 40,985 shares of the company’s stock worth $836,000 after buying an additional 14,628 shares during the last quarter. Norges Bank purchased a new stake in shares of MINISO Group during the 4th quarter worth approximately $31,510,000. Hsbc Holdings PLC raised its holdings in shares of MINISO Group by 79.0% in the 4th quarter. Hsbc Holdings PLC now owns 529,033 shares of the company’s stock worth $10,792,000 after purchasing an additional 233,458 shares during the period. Capstone Investment Advisors LLC lifted its stake in MINISO Group by 62.4% in the fourth quarter. Capstone Investment Advisors LLC now owns 19,263 shares of the company’s stock valued at $393,000 after purchasing an additional 7,402 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its holdings 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 valued at $660,000 after purchasing an additional 17,043 shares during the period. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Stock Performance

NYSE:MNSO opened at $17.13 on Friday. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $28.28. The business’s fifty day moving average is $15.87 and its 200 day moving average is $19.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 0.56 and a beta of 0.17.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $555.26 million for the quarter, compared to the consensus estimate of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. Research analysts predict that MINISO Group Holding Limited will post 1.23 EPS for the current year.

MINISO Group Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders 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 dividend yield of 1.6%. MINISO Group’s dividend payout ratio (DPR) is currently 49.06%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MNSO shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 target price (down from $27.00) on shares of MINISO Group in a research note on Tuesday. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Finally, Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

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.