APG Asset Management N.V. Sells 33,600 Shares of MINISO Group Holding Limited (NYSE:MNSO)

APG Asset Management N.V. lessened its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 73.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,200 shares of the company’s stock after selling 33,600 shares during the period. APG Asset Management N.V.’s holdings in MINISO Group were worth $217,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AXA S.A. lifted its stake in shares of MINISO Group by 6.3% during the 2nd quarter. AXA S.A. now owns 134,000 shares of the company’s stock worth $2,555,000 after acquiring an additional 8,000 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MINISO Group during the second quarter worth $26,000. Point72 Hong Kong Ltd boosted its stake in shares of MINISO Group by 89.1% during the second quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company’s stock valued at $32,567,000 after purchasing an additional 804,706 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of MINISO Group during the second quarter valued at $1,037,000. Finally, Fred Alger Management LLC bought a new position in shares of MINISO Group in the second quarter worth about $393,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Up 7.5 %

Shares of MINISO Group stock opened at $18.86 on Wednesday. MINISO Group Holding Limited has a 1 year low of $12.51 and a 1 year high of $28.28. 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 stock has a market cap of $5.96 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 0.56 and a beta of 0.17. The firm’s 50-day moving average is $15.88 and its two-hundred day moving average is $19.32.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data 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%. As a group, research analysts expect that MINISO Group Holding Limited will post 1.23 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set 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 raised MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.00.

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.