HCEP Management Ltd Invests $40.61 Million in MINISO Group Holding Limited (NYSE:MNSO)

HCEP Management Ltd acquired a new position in MINISO Group Holding Limited (NYSE:MNSO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,700,000 shares of the company’s stock, valued at approximately $40,613,000. MINISO Group accounts for approximately 32.5% of HCEP Management Ltd’s investment portfolio, making the stock its 2nd biggest position. HCEP Management Ltd owned approximately 0.54% of MINISO Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in MINISO Group in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC raised its stake in shares of MINISO Group by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after purchasing an additional 734 shares in the last quarter. FMR LLC boosted its holdings in shares of MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after buying an additional 2,884 shares during the last quarter. SG Americas Securities LLC acquired a new position in MINISO Group during the fourth quarter worth $163,000. Finally, Quantinno Capital Management LP bought a new stake in MINISO Group during the third quarter worth $191,000. 17.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

MINISO Group Stock Down 6.8 %

NYSE MNSO opened at $16.85 on Friday. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 0.80 and a beta of 0.18. The company has a 50 day moving average of $20.90 and a 200-day moving average of $20.60. MINISO Group Holding Limited has a 1-year low of $12.51 and a 1-year high of $27.71. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17.

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

MINISO Group Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group’s dividend payout ratio (DPR) is currently 53.39%.

MINISO Group Company 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.