IvyRock Asset Management HK Ltd Invests $382,000 in MINISO Group Holding Limited (NYSE:MNSO)

IvyRock Asset Management HK Ltd acquired a new stake in MINISO Group Holding Limited (NYSE:MNSO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,000 shares of the company’s stock, valued at approximately $382,000. MINISO Group comprises about 0.2% of IvyRock Asset Management HK Ltd’s investment portfolio, making the stock its 14th biggest position.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of MINISO Group during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC grew its position in MINISO Group by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after purchasing an additional 734 shares during the period. FMR LLC raised its stake in shares of MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after buying an additional 2,884 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of MINISO Group in the 4th quarter valued at about $163,000. Finally, Blue Trust Inc. grew its position in MINISO Group by 66.5% during the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock valued at $207,000 after buying an additional 3,464 shares during the period. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Stock Down 3.0 %

Shares of NYSE:MNSO opened at $18.38 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.80 and a beta of 0.10. The business has a 50-day moving average price of $21.74 and a 200 day moving average price of $20.50. 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 quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share 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 company had revenue of $646.49 million for the quarter, compared to analysts’ expectations of $4.82 billion. Sell-side analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be paid a $0.3268 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group’s payout ratio is 55.08%.

Wall Street Analysts Forecast Growth

MNSO has been the topic of several recent analyst reports. HSBC began coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price on the stock. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.70.

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.