New York State Common Retirement Fund Has $4.70 Million Stock Holdings in MINISO Group Holding Limited (NYSE:MNSO)

New York State Common Retirement Fund lessened its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 26.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 230,440 shares of the company’s stock after selling 84,664 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of MINISO Group worth $4,701,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MNSO. Acadian Asset Management LLC boosted its position in MINISO Group by 8.1% during the third quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company’s stock valued at $91,456,000 after acquiring an additional 265,483 shares during the last quarter. Vanguard Group Inc. lifted its stake in MINISO Group by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock valued at $90,393,000 after buying an additional 49,492 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its holdings in shares of MINISO Group by 45.1% during the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock worth $83,507,000 after buying an additional 1,002,600 shares in the last quarter. Matthews International Capital Management LLC bought a new position in shares of MINISO Group during the 3rd quarter worth approximately $14,503,000. Finally, Teacher Retirement System of Texas increased its stake in shares of MINISO Group by 53.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 473,353 shares of the company’s stock valued at $12,260,000 after acquiring an additional 165,693 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Stock Performance

Shares of MINISO Group stock opened at $24.02 on Friday. The business has a 50-day simple moving average of $20.47 and a 200 day simple moving average of $21.29. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.01 and a beta of 0.23. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 1.91. MINISO Group Holding Limited has a one year low of $14.46 and a one year high of $29.92.

MINISO Group (NYSE:MNSO) last issued its 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 company had revenue of $541.04 million for the quarter. On average, research analysts anticipate that MINISO Group Holding Limited will post 1.24 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.29 dividend. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group’s dividend payout ratio (DPR) is 38.24%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. assumed coverage on shares of MINISO Group in a research note on Tuesday, April 30th. They set an “overweight” rating and a $30.00 target price on the stock.

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.