HCEP Management Ltd Buys Shares of 1,700,000 MINISO Group Holding Limited (NYSE:MNSO)

HCEP Management Ltd purchased a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,700,000 shares of the company’s stock, valued at approximately $40,613,000. MINISO Group makes up 32.5% of HCEP Management Ltd’s holdings, making the stock its 2nd largest holding.

A number of other large investors also recently modified their holdings of MNSO. SBI Securities Co. Ltd. acquired a new position in MINISO Group in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after purchasing an additional 734 shares during the last quarter. FMR LLC grew its holdings in shares of MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after purchasing an additional 2,884 shares during the last quarter. SG Americas Securities LLC bought a new position in MINISO Group in the 4th quarter valued at approximately $163,000. Finally, Quantinno Capital Management LP acquired a new stake in MINISO Group during the 3rd quarter worth approximately $191,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Stock Performance

Shares of MNSO opened at $16.85 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $20.90 and its two-hundred day simple moving average is $20.60. MINISO Group Holding Limited has a 12 month low of $12.51 and a 12 month high of $27.71. The stock has a market capitalization of $5.26 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.

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

MINISO Group Dividend Announcement

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

Wall Street Analyst Weigh In

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