Northern Trust Corp Boosts Stake in MINISO Group Holding Limited (NYSE:MNSO)

Northern Trust Corp boosted its stake in MINISO Group Holding Limited (NYSE:MNSO) by 3.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,232 shares of the company’s stock after acquiring an additional 784 shares during the period. Northern Trust Corp’s holdings in MINISO Group were worth $579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNSO. SG Americas Securities LLC purchased a new stake in MINISO Group in the 4th quarter valued at approximately $163,000. Blue Trust Inc. lifted its stake in MINISO Group by 66.5% in the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock valued at $207,000 after buying an additional 3,464 shares in the last quarter. US Bancorp DE lifted its stake in MINISO Group by 344.7% in the 4th quarter. US Bancorp DE now owns 11,864 shares of the company’s stock valued at $283,000 after buying an additional 9,196 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of MINISO Group during the 4th quarter worth $31,000. Finally, Candriam S.C.A. purchased a new position in shares of MINISO Group during the 4th quarter worth $9,986,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Trading Down 2.9%

MNSO stock opened at $17.01 on Friday. MINISO Group Holding Limited has a 52 week low of $12.51 and a 52 week high of $27.71. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.80 and a beta of 0.18. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $17.88 and a 200-day simple moving average of $20.57.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, May 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($1.85). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The company had revenue of $609.87 million during the quarter, compared to analyst estimates of $4.35 billion. On average, equities research analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Dividend Announcement

The firm also recently announced a — dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.3268 per share. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group’s dividend payout ratio is presently 56.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MNSO. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $20.00 price target on shares of MINISO Group in a research note on Tuesday. HSBC began coverage on MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 price target on the stock. JPMorgan Chase & Co. raised MINISO Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. Finally, Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, MINISO Group presently has an average rating of “Moderate Buy” and an average target price of $24.53.

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.