Invesco Ltd. Has $955,000 Position in MINISO Group Holding Limited (NYSE:MNSO)

Invesco Ltd. lowered its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,958 shares of the company’s stock after selling 5,769 shares during the quarter. Invesco Ltd.’s holdings in MINISO Group were worth $955,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of MINISO Group in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC grew its position in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after acquiring an additional 734 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of MINISO Group in the 4th quarter valued at $163,000. Orion Portfolio Solutions LLC bought a new position in MINISO Group in the fourth quarter valued at about $202,000. Finally, Blue Trust Inc. boosted its position in MINISO Group by 66.5% during the 4th quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock worth $207,000 after buying an additional 3,464 shares during the period. Institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Up 0.8 %

Shares of MNSO opened at $18.18 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The company has a market cap of $5.69 billion, a PE ratio of 16.38, a P/E/G ratio of 0.80 and a beta of 0.18. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $27.71. The business has a fifty day moving average of $18.30 and a 200 day moving average of $20.44.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). The company had revenue of $646.49 million for the quarter, compared to analysts’ expectations of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, sell-side analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Announces Dividend

The business also recently announced a — dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.3268 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Tuesday, April 8th. MINISO Group’s dividend payout ratio is currently 53.39%.

Analyst Upgrades and Downgrades

MNSO has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of MINISO Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. Finally, HSBC initiated coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, MINISO Group has an average rating of “Moderate Buy” and a consensus target price of $26.03.

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.