IvyRock Asset Management HK Ltd Buys New Shares in MINISO Group Holding Limited (NYSE:MNSO)

IvyRock Asset Management HK Ltd purchased a new stake in MINISO Group Holding Limited (NYSE:MNSO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,000 shares of the company’s stock, valued at approximately $382,000. MINISO Group makes up approximately 0.2% of IvyRock Asset Management HK Ltd’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in MINISO Group in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its stake in MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after purchasing an additional 734 shares during the last quarter. FMR LLC boosted its holdings in MINISO Group by 230.2% in 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. SG Americas Securities LLC acquired a new stake in MINISO Group during the fourth quarter worth approximately $163,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of MINISO Group during the 3rd quarter worth approximately $191,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Price Performance

Shares of NYSE:MNSO opened at $18.38 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. MINISO Group Holding Limited has a one year low of $12.51 and a one year high of $27.71. The company has a 50-day simple moving average of $21.74 and a 200-day simple moving average of $20.50. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.80 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The company had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. On average, analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Announces Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be issued a $0.3268 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, April 8th. MINISO Group’s dividend payout ratio (DPR) is currently 55.08%.

Analysts Set New Price Targets

A number of research firms recently commented on MNSO. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. HSBC initiated coverage on MINISO Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.70.

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.