XTX Topco Ltd Has $264,000 Stake in MINISO Group Holding Limited (NYSE:MNSO)

XTX Topco Ltd grew its holdings in MINISO Group Holding Limited (NYSE:MNSO) by 10.6% during the second quarter, Holdings Channel.com reports. The firm owned 13,861 shares of the company’s stock after buying an additional 1,326 shares during the period. XTX Topco Ltd’s holdings in MINISO Group were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its holdings in MINISO Group by 37.8% in the first quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company’s stock worth $107,081,000 after buying an additional 1,433,950 shares during the last quarter. Victory Capital Management Inc. increased its holdings in MINISO Group by 3.3% in the second quarter. Victory Capital Management Inc. now owns 1,588,191 shares of the company’s stock worth $30,287,000 after buying an additional 50,650 shares during the last quarter. Norges Bank acquired a new position in MINISO Group in the fourth quarter worth approximately $31,510,000. M&G Plc increased its holdings in MINISO Group by 129.0% in the second quarter. M&G Plc now owns 1,137,449 shares of the company’s stock worth $21,612,000 after buying an additional 640,718 shares during the last quarter. Finally, Sylebra Capital LLC acquired a new position in MINISO Group in the first quarter worth approximately $19,119,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Stock Up 11.0 %

MNSO opened at $17.13 on Friday. The business has a 50 day moving average of $15.87 and a 200-day moving average of $19.35. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 0.56 and a beta of 0.17. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $28.28.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $555.26 million for the quarter, compared to the consensus estimate of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. As a group, sell-side analysts anticipate that MINISO Group Holding Limited will post 1.23 earnings per share for the current year.

MINISO Group Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a dividend of $0.274 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s dividend payout ratio is currently 49.06%.

Analyst Upgrades and Downgrades

MNSO has been the topic of a number of research reports. Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. Bank of America downgraded MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. Dbs Bank raised MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. reaffirmed 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MINISO Group presently has an average rating of “Hold” and an average price target of $15.00.

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.