MINISO Group Holding Limited (NYSE:MNSO) is MY.Alpha Management HK Advisors Ltd’s 9th Largest Position

MY.Alpha Management HK Advisors Ltd lifted its stake in MINISO Group Holding Limited (NYSE:MNSO) by 37.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 554,964 shares of the company’s stock after buying an additional 151,364 shares during the period. MINISO Group makes up approximately 5.9% of MY.Alpha Management HK Advisors Ltd’s holdings, making the stock its 9th largest holding. MY.Alpha Management HK Advisors Ltd’s holdings in MINISO Group were worth $13,258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position 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 valued at $39,000 after acquiring an additional 734 shares during the period. Northern Trust Corp grew 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 worth $579,000 after purchasing an additional 784 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of MINISO Group in the fourth quarter worth about $31,000. Barclays PLC bought a new position in MINISO Group during the 4th quarter valued at approximately $36,000. Finally, Blue Trust Inc. raised its position in MINISO Group by 66.5% during the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock valued at $207,000 after purchasing an additional 3,464 shares during the last quarter. Institutional investors own 17.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MINISO Group Trading Down 3.9%

MNSO opened at $19.83 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $27.71. The stock has a market cap of $6.20 billion, a PE ratio of 17.86, a PEG ratio of 0.80 and a beta of 0.18. The business has a 50 day moving average of $18.08 and a 200-day moving average of $20.58.

MINISO Group (NYSE:MNSO) last announced 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). The business had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. Equities research analysts predict that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

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

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.