1,288 Shares in MINISO Group Holding Limited (NYSE:MNSO) Acquired by Avalon Trust Co

Avalon Trust Co purchased a new stake in MINISO Group Holding Limited (NYSE:MNSO) during the fourth quarter, Holdings Channel reports. The firm purchased 1,288 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds have also recently bought and sold shares of the company. ABS Direct Equity Fund LLC acquired a new stake in shares of MINISO Group in the 4th quarter valued at $1,547,000. Victory Capital Management Inc. boosted its position in MINISO Group by 24.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,193,474 shares of the company’s stock valued at $24,347,000 after buying an additional 230,769 shares in the last quarter. Van ECK Associates Corp grew its stake in MINISO Group by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 615,473 shares of the company’s stock worth $12,556,000 after buying an additional 64,373 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of MINISO Group by 51.4% during the fourth quarter. Russell Investments Group Ltd. now owns 602,983 shares of the company’s stock worth $12,277,000 after buying an additional 204,783 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of MINISO Group during the fourth quarter worth approximately $206,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Price Performance

Shares of NYSE:MNSO traded down $0.18 during midday trading on Friday, reaching $24.02. The company’s stock had a trading volume of 1,358,453 shares, compared to its average volume of 1,370,183. The business’s fifty day simple moving average is $20.47 and its 200-day simple moving average is $21.23. 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 fifty-two week low of $14.46 and a fifty-two week high of $29.92. The company has a market capitalization of $7.59 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.00 and a beta of 0.23.

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

MINISO Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.