Barclays PLC Sells 192,238 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Barclays PLC lessened its stake in MINISO Group Holding Limited (NYSE:MNSO) by 77.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,247 shares of the company’s stock after selling 192,238 shares during the quarter. Barclays PLC’s holdings in MINISO Group were worth $956,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of MINISO Group by 6,082.2% in the first quarter. BlackRock Inc. now owns 3,901,608 shares of the company’s stock worth $69,215,000 after acquiring an additional 3,838,498 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of MINISO Group by 17.4% in the third quarter. Vanguard Group Inc. now owns 3,071,985 shares of the company’s stock worth $16,865,000 after acquiring an additional 455,039 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of MINISO Group in the first quarter worth about $52,320,000. Ontario Teachers Pension Plan Board increased its holdings in shares of MINISO Group by 34.1% in the first quarter. Ontario Teachers Pension Plan Board now owns 2,950,000 shares of the company’s stock worth $23,010,000 after acquiring an additional 750,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of MINISO Group by 14.7% during the second quarter. Goldman Sachs Group Inc. now owns 1,812,346 shares of the company’s stock worth $14,227,000 after buying an additional 231,933 shares in the last quarter. Institutional investors own 21.19% of the company’s stock.

MINISO Group Stock Up 3.8 %

NYSE:MNSO opened at $27.66 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.18 and a current ratio of 2.55. The company has a market cap of $8.74 billion, a PE ratio of 34.15, a PEG ratio of 0.68 and a beta of 0.37. MINISO Group Holding Limited has a 52-week low of $8.87 and a 52-week high of $29.92. The stock has a 50-day simple moving average of $26.14 and a 200 day simple moving average of $21.54.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Tuesday, August 22nd. The company reported $0.24 EPS for the quarter. MINISO Group had a return on equity of 21.48% and a net margin of 15.41%. The firm had revenue of $448.50 million during the quarter, compared to analysts’ expectations of $470.81 million. On average, sell-side analysts expect that MINISO Group Holding Limited will post 1.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price objective on MINISO Group from $24.30 to $27.90 and gave the stock a “buy” rating in a report on Wednesday, August 23rd.

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.