Marshall Wace LLP Reduces Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

Marshall Wace LLP lowered its position in MINISO Group Holding Limited (NYSE:MNSO) by 94.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,412 shares of the company’s stock after selling 1,188,538 shares during the period. Marshall Wace LLP’s holdings in MINISO Group were worth $1,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after buying an additional 734 shares during the period. Geode Capital Management LLC boosted its position in shares of MINISO Group by 1.6% during the third quarter. Geode Capital Management LLC now owns 66,540 shares of the company’s stock worth $1,167,000 after acquiring an additional 1,027 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of MINISO Group during the fourth quarter valued at about $31,000. Barclays PLC purchased a new position in MINISO Group during the 4th quarter valued at approximately $36,000. Finally, Blue Trust Inc. increased its position in MINISO Group by 66.5% in the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock worth $207,000 after purchasing an additional 3,464 shares during the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Down 1.2 %

Shares of MINISO Group stock opened at $17.01 on Monday. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $27.71. The firm’s 50 day moving average price is $18.55 and its 200-day moving average price is $20.48. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The company has a market cap of $5.32 billion, a P/E ratio of 15.32, a PEG ratio of 0.80 and a beta of 0.18.

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

MINISO Group Announces Dividend

The company also recently disclosed a — dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th were issued a $0.3268 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Tuesday, April 8th. MINISO Group’s dividend payout ratio is presently 53.39%.

Analyst Ratings Changes

Several equities research analysts have weighed in on MNSO shares. HSBC began coverage on MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 price objective on the stock. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised MINISO Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.03.

MINISO Group Profile

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.