Geode Capital Management LLC Purchases 1,027 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Geode Capital Management LLC boosted its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,540 shares of the company’s stock after buying an additional 1,027 shares during the period. Geode Capital Management LLC’s holdings in MINISO Group were worth $1,167,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of MINISO Group during the 2nd quarter valued at approximately $26,000. FMR LLC raised its stake in MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after purchasing an additional 2,884 shares in the last quarter. Venturi Wealth Management LLC bought a new position in MINISO Group during the third quarter valued at $78,000. Blue Trust Inc. lifted its position in MINISO Group by 167.0% during the third quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock valued at $99,000 after purchasing an additional 3,259 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in shares of MINISO Group in the 3rd quarter worth $191,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

Analysts Set New Price Targets

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

MINISO Group Trading Down 1.7 %

MNSO opened at $24.96 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The stock’s 50 day moving average price is $21.79 and its 200-day moving average price is $18.71. MINISO Group Holding Limited has a one year low of $12.51 and a one year high of $27.71. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.05 and a beta of 0.08.

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.