Victory Capital Management Inc. Buys 230,769 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Victory Capital Management Inc. increased its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 24.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,193,474 shares of the company’s stock after acquiring an additional 230,769 shares during the period. Victory Capital Management Inc.’s holdings in MINISO Group were worth $24,347,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of MINISO Group by 95.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after purchasing an additional 492 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in MINISO Group during the fourth quarter worth about $206,000. Handelsinvest Investeringsforvaltning bought a new stake in MINISO Group during the fourth quarter worth about $231,000. B. Riley Wealth Advisors Inc. bought a new position in shares of MINISO Group in the third quarter valued at approximately $339,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of MINISO Group in the 3rd quarter worth approximately $343,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Stock Up 1.8 %

Shares of NYSE MNSO opened at $24.52 on Thursday. 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 company has a market cap of $7.75 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.00 and a beta of 0.23. MINISO Group Holding Limited has a 12-month low of $14.46 and a 12-month high of $29.92. The firm’s 50-day simple moving average is $20.69 and its 200 day simple moving average is $21.22.

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

MINISO Group Dividend Announcement

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

Wall Street Analyst Weigh In

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

MINISO Group 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.