California Public Employees Retirement System Trims Stock Holdings in MINISO Group Holding Limited (NYSE:MNSO)

California Public Employees Retirement System reduced its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 156,866 shares of the company’s stock after selling 4,568 shares during the period. California Public Employees Retirement System’s holdings in MINISO Group were worth $3,200,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MNSO. Acadian Asset Management LLC lifted its position in shares of MINISO Group by 8.1% during the third quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company’s stock worth $91,456,000 after purchasing an additional 265,483 shares during the last quarter. Vanguard Group Inc. lifted its holdings in MINISO Group by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock valued at $90,393,000 after buying an additional 49,492 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its position in MINISO Group by 45.1% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock valued at $83,507,000 after buying an additional 1,002,600 shares during the period. Matthews International Capital Management LLC bought a new position in MINISO Group in the 3rd quarter worth about $14,503,000. Finally, Teacher Retirement System of Texas raised its stake in shares of MINISO Group by 53.9% during the third quarter. Teacher Retirement System of Texas now owns 473,353 shares of the company’s stock valued at $12,260,000 after acquiring an additional 165,693 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

Wall Street Analyst Weigh In

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

MINISO Group Stock Performance

MNSO stock opened at $24.02 on Monday. 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 Holding Limited has a 1-year low of $14.46 and a 1-year high of $29.92. The business has a 50-day moving average price of $20.47 and a 200 day moving average price of $21.23. The company has a market capitalization of $7.59 billion, a P/E ratio of 23.55, a PEG ratio of 1.00 and a beta of 0.23.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 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 during the quarter. As a group, equities research analysts forecast that MINISO Group Holding Limited will post 1.24 EPS for the current fiscal year.

MINISO Group Announces Dividend

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. The ex-dividend date was Wednesday, March 27th. This represents a yield of 2%. MINISO Group’s dividend payout ratio is currently 38.24%.

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.