Caption Management LLC Makes New $516,000 Investment in MINISO Group Holding Limited (NYSE:MNSO)

Caption Management LLC acquired a new position in MINISO Group Holding Limited (NYSE:MNSO) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 21,585 shares of the company’s stock, valued at approximately $516,000.

A number of other hedge funds have also recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in shares of MINISO Group in the 4th quarter valued at $3,780,000. Schonfeld Strategic Advisors LLC purchased a new stake in MINISO Group during the fourth quarter worth about $1,085,000. Northern Trust Corp boosted its stake in shares of MINISO Group by 3.3% in the fourth quarter. Northern Trust Corp now owns 24,232 shares of the company’s stock valued at $579,000 after purchasing an additional 784 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of MINISO Group by 54.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 215,206 shares of the company’s stock valued at $5,141,000 after purchasing an additional 75,697 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in MINISO Group by 78.0% during the 4th quarter. Hsbc Holdings PLC now owns 181,328 shares of the company’s stock worth $4,342,000 after buying an additional 79,455 shares during the period. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

Shares of NYSE:MNSO opened at $18.55 on Wednesday. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The business’s 50 day simple moving average is $18.16 and its 200-day simple moving average is $20.52. MINISO Group Holding Limited has a 12 month low of $12.51 and a 12 month high of $27.71.

MINISO Group (NYSE:MNSO) last posted its 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). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The firm had revenue of $646.49 million for the quarter, compared to analysts’ expectations of $4.82 billion. As a group, equities analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently announced a — dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, April 8th. MINISO Group’s payout ratio is currently 53.39%.

Wall Street Analysts Forecast Growth

MNSO has been the topic of several analyst reports. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of MINISO Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. Finally, HSBC started coverage on MINISO Group in a report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, MINISO Group presently has a consensus rating of “Moderate Buy” and an average target price of $26.03.

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.