Schonfeld Strategic Advisors LLC Purchases New Shares in MINISO Group Holding Limited (NYSE:MNSO)

Schonfeld Strategic Advisors LLC purchased a new position in MINISO Group Holding Limited (NYSE:MNSO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,400 shares of the company’s stock, valued at approximately $1,085,000.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of MINISO Group during the 4th quarter worth about $31,000. Barclays PLC purchased a new position in shares of MINISO Group during the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC grew its stake 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 valued at $39,000 after buying an additional 734 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of MINISO Group in the fourth quarter worth approximately $163,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of MINISO Group during the 4th quarter worth approximately $202,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Down 5.2 %

NYSE:MNSO opened at $17.63 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The firm has a market cap of $5.52 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. The company has a 50-day moving average of $18.10 and a 200 day moving average of $20.50. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $27.71.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th were paid a dividend of $0.3268 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Tuesday, April 8th. MINISO Group’s dividend payout ratio (DPR) is currently 53.39%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MNSO. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC initiated coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target on the stock. Finally, JPMorgan Chase & Co. raised shares of MINISO Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.03.

About MINISO Group

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.