Point72 Asia Singapore Pte. Ltd. Acquires New Shares in MINISO Group Holding Limited (NYSE:MNSO)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 1,351 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its position in shares of MINISO Group by 9.1% during the second quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock worth $215,000 after acquiring an additional 942 shares in the last quarter. XTX Topco Ltd raised its stake in shares of MINISO Group by 10.6% in the 2nd quarter. XTX Topco Ltd now owns 13,861 shares of the company’s stock valued at $264,000 after purchasing an additional 1,326 shares during the period. Blue Trust Inc. lifted its holdings in shares of MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after purchasing an additional 1,890 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of MINISO Group by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after buying an additional 2,301 shares in the last quarter. Finally, Deltec Asset Management LLC grew its holdings in shares of MINISO Group by 9.9% during the second quarter. Deltec Asset Management LLC now owns 31,500 shares of the company’s stock worth $601,000 after buying an additional 2,844 shares in the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Jefferies Financial Group reissued a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Finally, Bank of America cut MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. One 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.00.

MINISO Group Price Performance

Shares of NYSE MNSO opened at $18.86 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. MINISO Group Holding Limited has a twelve month low of $12.51 and a twelve month high of $28.28. The business’s 50 day moving average price is $15.88 and its two-hundred day moving average price is $19.32. The company has a market cap of $5.96 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 0.56 and a beta of 0.17.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $555.26 million for the quarter, compared to analysts’ expectations of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. On average, analysts predict that MINISO Group Holding Limited will post 1.23 EPS for the current year.

MINISO Group Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given 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 49.06%.

MINISO Group Company 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.