MINISO Group Holding Limited (NYSE:MNSO) Shares Bought by Carmignac Gestion

Carmignac Gestion boosted its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 95,834.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 735,819 shares of the company’s stock after purchasing an additional 735,052 shares during the period. Carmignac Gestion’s holdings in MINISO Group were worth $15,010,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MNSO. PNC Financial Services Group Inc. lifted its stake in shares of MINISO Group by 95.3% in the 3rd 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 during the period. Avalon Trust Co acquired a new position in shares of MINISO Group in the fourth quarter worth about $26,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of MINISO Group during the 4th quarter worth about $206,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of MINISO Group during the 4th quarter valued at about $231,000. Finally, Jump Financial LLC purchased a new position in shares of MINISO Group in the 4th quarter valued at about $231,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

NYSE MNSO traded up $0.75 on Monday, hitting $23.24. The company had a trading volume of 1,279,526 shares, compared to its average volume of 1,585,130. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.80. The company has a market capitalization of $7.34 billion, a PE ratio of 21.92, a PEG ratio of 0.81 and a beta of 0.23. MINISO Group Holding Limited has a 12-month low of $15.39 and a 12-month high of $29.92. The company’s fifty day moving average price is $22.33 and its 200-day moving average price is $20.87.

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

MINISO Group Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.