BI Asset Management Fondsmaeglerselskab A S Acquires 2,731 Shares of MINISO Group Holding Limited (NYSE:MNSO)

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of MINISO Group Holding Limited (NYSE:MNSOFree Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,020 shares of the company’s stock after buying an additional 2,731 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in MINISO Group were worth $918,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake in MINISO Group by 8.1% in the 3rd quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company’s stock worth $91,456,000 after purchasing an additional 265,483 shares in the last quarter. Vanguard Group Inc. boosted its stake in MINISO Group by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock worth $90,393,000 after purchasing an additional 49,492 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its stake in MINISO Group by 45.1% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock worth $83,507,000 after purchasing an additional 1,002,600 shares in the last quarter. Norges Bank bought a new position in MINISO Group in the 4th quarter worth about $31,510,000. Finally, Victory Capital Management Inc. boosted its stake in MINISO Group by 24.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,193,474 shares of the company’s stock worth $24,347,000 after purchasing an additional 230,769 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. initiated coverage on shares of MINISO Group in a research note on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 price target on the stock.

Check Out Our Latest Research Report on MINISO Group

MINISO Group Price Performance

MNSO opened at $22.14 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.80 and a current ratio of 2.18. The stock has a market capitalization of $6.99 billion, a P/E ratio of 20.89, a P/E/G ratio of 0.83 and a beta of 0.23. The company’s 50-day simple moving average is $22.01 and its two-hundred day simple moving average is $21.08. MINISO Group Holding Limited has a 52-week low of $14.46 and a 52-week high of $29.92.

MINISO Group (NYSE:MNSOGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 16.23% and a return on equity of 26.19%. The business had revenue of $515.70 million for the quarter. During the same quarter in the prior year, the company posted $0.22 EPS. As a group, analysts predict that MINISO Group Holding Limited will post 1.25 EPS for the current year.

MINISO Group Announces Dividend

The firm also recently declared a None dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.29 per share. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group’s payout ratio is currently 36.79%.

MINISO Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for MINISO Group (NYSE:MNSO)

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