75,841 Shares in MINISO Group Holding Limited (NYSE:MNSO) Bought by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC purchased a new position in MINISO Group Holding Limited (NYSE:MNSO) in the fourth quarter, Holdings Channel.com reports. The fund purchased 75,841 shares of the company’s stock, valued at approximately $1,547,000. MINISO Group comprises 1.5% of ABS Direct Equity Fund LLC’s portfolio, making the stock its 29th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in MINISO Group by 24.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,193,474 shares of the company’s stock worth $24,347,000 after acquiring an additional 230,769 shares during the period. Van ECK Associates Corp raised its holdings in MINISO Group by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 615,473 shares of the company’s stock worth $12,556,000 after purchasing an additional 64,373 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in MINISO Group by 51.4% in the fourth quarter. Russell Investments Group Ltd. now owns 602,983 shares of the company’s stock worth $12,277,000 after purchasing an additional 204,783 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in MINISO Group in the fourth quarter worth $206,000. Finally, SG Americas Securities LLC raised its holdings in MINISO Group by 19.9% in the fourth quarter. SG Americas Securities LLC now owns 28,632 shares of the company’s stock worth $584,000 after purchasing an additional 4,745 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Down 0.7 %

Shares of NYSE:MNSO traded down $0.18 on Friday, hitting $24.02. 1,358,453 shares of the company traded hands, compared to its average volume of 1,370,183. MINISO Group Holding Limited has a 52 week low of $14.46 and a 52 week high of $29.92. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of $20.47 and a 200-day simple moving average of $21.29. The company has a market cap of $7.59 billion, a PE ratio of 23.55, a PEG ratio of 1.00 and a beta of 0.23.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. The firm had revenue of $541.04 million during the quarter. As a group, research analysts expect that MINISO Group Holding Limited will post 1.24 earnings per share for the current year.

MINISO Group Announces Dividend

The business also recently declared a None dividend, which was paid on Friday, April 12th. Stockholders 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 presently 38.24%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. initiated coverage on MINISO Group in a report on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 price objective for the company.

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.