Legal & General Group Plc Reduces Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

Legal & General Group Plc trimmed its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 36.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,205 shares of the company’s stock after selling 202,027 shares during the period. Legal & General Group Plc owned 0.11% of MINISO Group worth $8,467,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MNSO. HCEP Management Ltd bought a new position in shares of MINISO Group in the fourth quarter worth about $40,613,000. Candriam S.C.A. purchased a new stake in MINISO Group during the 4th quarter valued at approximately $9,986,000. Norges Bank bought a new stake in shares of MINISO Group during the fourth quarter valued at approximately $2,839,000. Taikang Asset Management Hong Kong Co Ltd bought a new position in shares of MINISO Group during the fourth quarter worth $2,628,000. Finally, AI Squared Management Ltd purchased a new position in MINISO Group during the fourth quarter valued at $1,520,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Up 0.1 %

MINISO Group stock opened at $15.62 on Friday. The firm has a market cap of $4.89 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.80 and a beta of 0.18. 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 twelve month low of $12.51 and a twelve month high of $27.71. The business has a fifty day moving average of $19.13 and a two-hundred day moving average of $20.55.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). The firm had revenue of $646.49 million during the quarter, compared to analysts’ expectations of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be paid a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group’s dividend payout ratio (DPR) is 53.39%.

Analyst Upgrades and Downgrades

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

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.