Separately, TheStreet raised MINISO Group from a d rating to a c- rating in a research report on Friday, December 2nd.
MINISO Group Stock Down 2.7 %
Shares of NYSE:MNSO opened at $14.01 on Tuesday. MINISO Group has a 1 year low of $4.45 and a 1 year high of $14.56. The company has a market cap of $4.44 billion, a PE ratio of 32.69, a P/E/G ratio of 0.64 and a beta of 0.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.30 and a quick ratio of 1.94. The stock’s 50-day moving average is $10.87 and its 200 day moving average is $7.72.
Hedge Funds Weigh In On MINISO Group
Hedge funds and other institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board increased its stake in shares of MINISO Group by 0.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 13,544,749 shares of the company’s stock worth $74,361,000 after purchasing an additional 73,500 shares in the last quarter. Carmignac Gestion increased its stake in shares of MINISO Group by 11.7% in the 2nd quarter. Carmignac Gestion now owns 4,790,644 shares of the company’s stock worth $37,600,000 after purchasing an additional 502,617 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MINISO Group by 17.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,071,985 shares of the company’s stock worth $16,865,000 after purchasing an additional 455,039 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of MINISO Group by 34.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 2,950,000 shares of the company’s stock worth $23,010,000 after purchasing an additional 750,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of MINISO Group by 14.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,812,346 shares of the company’s stock worth $14,227,000 after purchasing an additional 231,933 shares in the last quarter. 16.48% of the stock is owned by institutional investors.
About MINISO Group
MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle and pop toy products in the People's Republic of China and other countries in Asia, the Americas, 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.
- Get a free copy of the StockNews.com research report on MINISO Group (MNSO)
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