Taikang Asset Management Hong Kong Co Ltd Makes New $2.63 Million Investment in MINISO Group Holding Limited (NYSE:MNSO)

Taikang Asset Management Hong Kong Co Ltd bought a new stake in shares of MINISO Group Holding Limited (NYSE:MNSO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 110,000 shares of the company’s stock, valued at approximately $2,628,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Candriam S.C.A. bought a new position in MINISO Group during the 4th quarter worth $9,986,000. Citigroup Inc. increased its holdings in shares of MINISO Group by 553.7% in the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock worth $6,846,000 after acquiring an additional 330,579 shares during the period. Nordea Investment Management AB lifted its position in MINISO Group by 14.9% in the 4th quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock valued at $8,020,000 after purchasing an additional 43,151 shares during the last quarter. Erste Asset Management GmbH acquired a new position in MINISO Group during the 3rd quarter valued at about $685,000. Finally, Y Intercept Hong Kong Ltd bought a new position in MINISO Group in the 3rd quarter worth about $622,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Price Performance

NYSE MNSO opened at $18.38 on Tuesday. MINISO Group Holding Limited has a 12 month low of $12.51 and a 12 month high of $27.71. The firm has a market capitalization of $5.74 billion, a PE ratio of 16.55, a P/E/G ratio of 0.80 and a beta of 0.10. The company’s 50 day simple moving average is $21.74 and its 200 day simple moving average is $20.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The firm had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. As a group, equities research analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal 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 given a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group’s dividend payout ratio (DPR) is 55.08%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MNSO shares. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. HSBC assumed coverage on MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price on the stock. One equities research 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.70.

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.