LMR Partners LLP Buys New Stake in MINISO Group Holding Limited (NYSE:MNSO)

LMR Partners LLP purchased a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 649,054 shares of the company’s stock, valued at approximately $11,384,000. LMR Partners LLP owned 0.21% of MINISO Group 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 company. Point72 Hong Kong Ltd increased its holdings in MINISO Group by 89.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company’s stock valued at $32,567,000 after purchasing an additional 804,706 shares in the last quarter. Seven Eight Capital LP bought a new position in MINISO Group in the second quarter worth about $607,000. M&G Plc lifted its holdings in MINISO Group by 129.0% in the second quarter. M&G Plc now owns 1,137,449 shares of the company’s stock worth $21,612,000 after acquiring an additional 640,718 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in MINISO Group by 138.1% in the second quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company’s stock worth $21,229,000 after acquiring an additional 645,722 shares during the last quarter. Finally, Beck Bode LLC bought a new stake in shares of MINISO Group during the second quarter valued at approximately $1,236,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Stock Up 2.7 %

Shares of NYSE:MNSO opened at $17.27 on Monday. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $28.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. The company has a market capitalization of $5.46 billion, a PE ratio of 15.99, a PEG ratio of 0.71 and a beta of 0.15. The company has a 50 day moving average price of $17.53 and a two-hundred day moving average price of $18.67.

MINISO Group (NYSE:MNSO) last announced its earnings results on Friday, August 30th. The company reported $0.26 EPS for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The business had revenue of $555.26 million during the quarter, compared to analysts’ expectations of $557.54 million. Analysts forecast that MINISO Group Holding Limited will post 1.23 earnings per share for the current year.

MINISO Group Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a $0.274 dividend. This represents a yield of 1.6%. The ex-dividend date was Friday, September 13th. MINISO Group’s dividend payout ratio is currently 49.07%.

Analysts Set New Price Targets

A number of research firms recently commented on MNSO. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. Bank of America cut shares of MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. Finally, Citigroup initiated coverage on shares of MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.90.

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.