Mackenzie Financial Corp Grows Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

Mackenzie Financial Corp boosted its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,291 shares of the company’s stock after acquiring an additional 8,156 shares during the quarter. Mackenzie Financial Corp owned 0.06% of MINISO Group worth $3,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MINISO Group during the second quarter valued at approximately $26,000. Blue Trust Inc. boosted its position in MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after buying an additional 1,890 shares during the period. Headlands Technologies LLC bought a new stake in MINISO Group in the 1st quarter worth $93,000. Banque Cantonale Vaudoise bought a new stake in MINISO Group in the 2nd quarter worth $118,000. Finally, Bayesian Capital Management LP purchased a new position in shares of MINISO Group in the first quarter valued at about $201,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Stock Up 7.5 %

Shares of NYSE:MNSO opened at $18.86 on Wednesday. The firm has a market capitalization of $5.96 billion, a P/E ratio of 17.79, a P/E/G ratio of 0.56 and a beta of 0.17. 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 stock has a 50 day moving average price of $15.88 and a 200-day moving average price of $19.32. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $28.28.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. 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 anticipate that MINISO Group Holding Limited will post 1.23 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently disclosed 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. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 13th. MINISO Group’s dividend payout ratio (DPR) is presently 49.06%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MNSO. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 target price (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Finally, Bank of America lowered MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MINISO Group has a consensus rating of “Hold” and a consensus 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.