New York State Common Retirement Fund Sells 84,664 Shares of MINISO Group Holding Limited (NYSE:MNSO)

New York State Common Retirement Fund reduced its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 26.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 230,440 shares of the company’s stock after selling 84,664 shares during the quarter. New York State Common Retirement Fund’s holdings in MINISO Group were worth $4,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in MINISO Group by 8.1% during the 3rd 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 period. Vanguard Group Inc. boosted its stake in shares of MINISO Group by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock valued at $90,393,000 after purchasing an additional 49,492 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its stake in shares of MINISO Group by 45.1% during the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock valued at $83,507,000 after purchasing an additional 1,002,600 shares during the period. Matthews International Capital Management LLC bought a new position in shares of MINISO Group in the third 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 third quarter. Teacher Retirement System of Texas now owns 473,353 shares of the company’s stock worth $12,260,000 after buying an additional 165,693 shares during the period. 17.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

MINISO Group Trading Down 0.7 %

MNSO opened at $24.02 on Friday. 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. MINISO Group Holding Limited has a one year low of $14.46 and a one year high of $29.92. The business has a 50 day simple moving average of $20.47 and a two-hundred day simple moving average of $21.29. 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 (NYSE:MNSO) last announced its earnings results on Tuesday, March 12th. The company reported $0.29 EPS 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 during the quarter. Analysts predict that MINISO Group Holding Limited will post 1.24 EPS for the current year.

MINISO Group Announces Dividend

The business also recently announced a None dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a $0.29 dividend. The ex-dividend date was Wednesday, March 27th. This represents a dividend yield of 2%. MINISO Group’s dividend payout ratio is 38.24%.

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.