UBS Group AG Decreases Position in MINISO Group Holding Limited Unsponsored ADR $MNSO

UBS Group AG lessened its position in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,208,430 shares of the company’s stock after selling 38,522 shares during the period. UBS Group AG’s holdings in MINISO Group were worth $22,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in MINISO Group by 66.4% in the 1st quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock worth $498,000 after acquiring an additional 10,747 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of MINISO Group by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company’s stock worth $5,832,000 after purchasing an additional 5,086 shares in the last quarter. Creative Planning increased its holdings in shares of MINISO Group by 45.1% in the 2nd quarter. Creative Planning now owns 16,662 shares of the company’s stock worth $304,000 after purchasing an additional 5,177 shares in the last quarter. American Century Companies Inc. raised its stake in shares of MINISO Group by 0.4% in the second quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock worth $2,427,000 after purchasing an additional 595 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after purchasing an additional 608 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MNSO shares. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, MINISO Group currently has an average rating of “Hold” and a consensus price target of $24.60.

MINISO Group Stock Performance

Shares of MNSO opened at $14.32 on Tuesday. The firm has a market capitalization of $4.44 billion, a P/E ratio of 26.53, a PEG ratio of 1.61 and a beta of 0.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.66 and a quick ratio of 1.23. MINISO Group Holding Limited Unsponsored ADR has a one year low of $14.31 and a one year high of $26.74. The business has a fifty day moving average of $16.04 and a 200 day moving average of $18.53.

MINISO Group (NYSE:MNSO) last announced its earnings results on Saturday, February 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $893.90 million for the quarter. MINISO Group had a return on equity of 11.15% and a net margin of 5.56%. As a group, sell-side analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current year.

MINISO Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, May 4th. Investors of record on Monday, April 20th were issued a $0.3764 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a dividend yield of 479.0%. MINISO Group’s dividend payout ratio (DPR) is presently 135.19%.

About MINISO Group

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.