The Manufacturers Life Insurance Company Raises Stock Holdings in MINISO Group Holding Limited (NYSE:MNSO)

The Manufacturers Life Insurance Company boosted its holdings in MINISO Group Holding Limited (NYSE:MNSO) by 54.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,206 shares of the company’s stock after purchasing an additional 75,697 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of MINISO Group worth $5,141,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MNSO. Geode Capital Management LLC raised its holdings in shares of MINISO Group by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 66,540 shares of the company’s stock worth $1,167,000 after purchasing an additional 1,027 shares during the period. Nordea Investment Management AB grew its stake 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 buying an additional 43,151 shares in the last quarter. SG Americas Securities LLC bought a new stake in MINISO Group during the 4th quarter valued at $163,000. Blue Trust Inc. lifted its position in shares of MINISO Group by 66.5% during the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock worth $207,000 after acquiring an additional 3,464 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of MINISO Group by 344.7% in the fourth quarter. US Bancorp DE now owns 11,864 shares of the company’s stock worth $283,000 after acquiring an additional 9,196 shares during the period. Institutional investors own 17.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MINISO Group Stock Down 5.2 %

Shares of NYSE:MNSO opened at $17.63 on Thursday. The firm has a market capitalization of $5.52 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $27.71. The firm has a fifty day moving average of $18.10 and a 200 day moving average of $20.50.

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

MINISO Group Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, April 8th. MINISO Group’s payout ratio is currently 53.39%.

About MINISO Group

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.