MINISO Group Holding Limited (NYSE:MNSO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in MINISO Group Holding Limited (NYSE:MNSO) by 82.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 280,353 shares of the company’s stock after selling 1,307,838 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of MINISO Group worth $4,917,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its holdings in MINISO Group by 37.8% during the first quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company’s stock worth $107,081,000 after purchasing an additional 1,433,950 shares in the last quarter. Paloma Partners Management Co acquired a new position in MINISO Group during the 1st quarter worth approximately $307,000. Bayesian Capital Management LP purchased a new position in shares of MINISO Group during the 1st quarter worth approximately $201,000. Sylebra Capital LLC acquired a new stake in shares of MINISO Group in the 1st quarter valued at approximately $19,119,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of MINISO Group by 29.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 13,071 shares of the company’s stock valued at $268,000 after buying an additional 2,982 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Price Performance

MNSO stock opened at $16.67 on Friday. The firm has a 50 day moving average of $17.64 and a 200-day moving average of $18.51. MINISO Group Holding Limited has a 12-month low of $12.51 and a 12-month high of $26.54. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.72 and a beta of 0.15.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The company had revenue of $555.26 million during the quarter, compared to the consensus estimate of $557.54 million. As a group, equities analysts expect that MINISO Group Holding Limited will post 1.23 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a dividend of $0.274 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio (DPR) is 49.07%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MNSO. Citigroup started coverage on MINISO Group in a research report on Friday, October 4th. They issued a “buy” rating and a $26.80 price objective for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.90.

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.