Schroder Investment Management Group Lowers Position in MINISO Group Holding Limited (NYSE:MNSO)

Schroder Investment Management Group decreased its holdings in shares of MINISO Group Holding Limited (NYSE:MNSOFree Report) by 19.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,815,707 shares of the company’s stock after selling 1,138,499 shares during the period. Schroder Investment Management Group’s holdings in MINISO Group were worth $98,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in shares of MINISO Group by 95.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after purchasing an additional 492 shares in the last quarter. Avalon Trust Co purchased a new position in shares of MINISO Group during the 4th quarter worth $26,000. Prudential PLC boosted its stake in shares of MINISO Group by 12.9% during the 3rd quarter. Prudential PLC now owns 22,097 shares of the company’s stock worth $572,000 after acquiring an additional 2,526 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of MINISO Group by 6.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 45,020 shares of the company’s stock valued at $918,000 after buying an additional 2,731 shares in the last quarter. Finally, Aviva PLC lifted its stake in shares of MINISO Group by 5.9% during the 3rd quarter. Aviva PLC now owns 64,500 shares of the company’s stock valued at $1,671,000 after buying an additional 3,600 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

NYSE MNSO traded down $0.10 on Friday, reaching $21.46. The company had a trading volume of 602,167 shares, compared to its average volume of 1,574,451. The company has a quick ratio of 1.80, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $6.78 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 0.78 and a beta of 0.21. The firm’s 50 day moving average price is $22.51 and its 200 day moving average price is $20.79. MINISO Group Holding Limited has a 12 month low of $15.39 and a 12 month high of $29.92.

MINISO Group (NYSE:MNSOGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $515.70 million for the quarter. MINISO Group had a net margin of 16.23% and a return on equity of 26.19%. During the same quarter in the prior year, the firm posted $0.22 earnings per share. As a group, equities analysts predict that MINISO Group Holding Limited will post 1.26 earnings per share for the current year.

MINISO Group Announces Dividend

The firm also recently announced a None dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a dividend yield of 2%. MINISO Group’s dividend payout ratio (DPR) is presently 36.79%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. assumed coverage on shares of MINISO Group in a research note on Tuesday, April 30th. They set an “overweight” rating and a $30.00 target price on the stock.

Read Our Latest Report on MINISO Group

MINISO Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MINISO Group (NYSE:MNSO)

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