Russell Investments Group Ltd. Acquires 204,783 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Russell Investments Group Ltd. increased its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 51.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 602,983 shares of the company’s stock after acquiring an additional 204,783 shares during the quarter. Russell Investments Group Ltd.’s holdings in MINISO Group were worth $12,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of MINISO Group by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 98,737 shares of the company’s stock worth $2,557,000 after buying an additional 2,577 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of MINISO Group by 54.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 160,120 shares of the company’s stock valued at $4,147,000 after acquiring an additional 56,151 shares during the period. Matthews International Capital Management LLC purchased a new stake in shares of MINISO Group during the 3rd quarter worth approximately $14,503,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of MINISO Group by 31.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,200 shares of the company’s stock worth $5,470,000 after purchasing an additional 50,150 shares during the period. Finally, Perigon Wealth Management LLC purchased a new position in MINISO Group in the third quarter valued at approximately $343,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

MNSO opened at $24.02 on Friday. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.00 and a beta of 0.23. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $20.47 and a 200-day moving average price of $21.29. MINISO Group Holding Limited has a twelve month low of $14.46 and a twelve month high of $29.92.

MINISO Group (NYSE:MNSO) last issued its earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. The business had revenue of $541.04 million for the quarter. Equities analysts expect that MINISO Group Holding Limited will post 1.24 EPS for the current year.

MINISO Group Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.