Blue Trust Inc. Purchases 3,259 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Blue Trust Inc. raised its position in MINISO Group Holding Limited (NYSE:MNSO) by 167.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,210 shares of the company’s stock after acquiring an additional 3,259 shares during the quarter. Blue Trust Inc.’s holdings in MINISO Group were worth $99,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in MINISO Group in the second quarter worth $26,000. Headlands Technologies LLC purchased a new stake in shares of MINISO Group in the 1st quarter worth about $93,000. Banque Cantonale Vaudoise bought a new stake in shares of MINISO Group during the 2nd quarter valued at about $118,000. Bayesian Capital Management LP purchased a new position in shares of MINISO Group during the first quarter valued at about $201,000. Finally, Cubist Systematic Strategies LLC raised its stake in MINISO Group by 9.1% in the second quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock worth $215,000 after buying an additional 942 shares in the last quarter. 17.16% of the stock is owned by institutional investors.

MINISO Group Stock Performance

MINISO Group stock opened at $19.28 on Wednesday. The stock’s 50 day moving average is $16.83 and its 200 day moving average is $18.93. The company has a market capitalization of $6.09 billion, a P/E ratio of 17.85, a PEG ratio of 0.72 and a beta of 0.18. MINISO Group Holding Limited has a twelve month low of $12.51 and a twelve month high of $28.16. 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 (NYSE:MNSO) last released its earnings results on Friday, August 30th. The company reported $0.26 EPS 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 return on equity of 26.41% and a net margin of 15.72%. On average, equities research analysts predict that MINISO Group Holding Limited will post 1.23 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a $0.274 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s dividend payout ratio (DPR) is presently 48.15%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MNSO. Bank of America cut MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 target price (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Finally, Citigroup began coverage on shares of MINISO Group in a research report on Friday, October 4th. They issued a “buy” rating and a $26.80 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.90.

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.