XY Capital Ltd Invests $5.13 Million in MINISO Group Holding Limited (NYSE:MNSO)

XY Capital Ltd bought a new stake in shares of MINISO Group Holding Limited (NYSE:MNSO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 292,688 shares of the company’s stock, valued at approximately $5,134,000. MINISO Group comprises 1.8% of XY Capital Ltd’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MNSO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MINISO Group in the 2nd quarter worth $26,000. Blue Trust Inc. lifted its stake in MINISO Group by 3,098.4% during the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after buying an additional 1,890 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of MINISO Group in the first quarter worth about $93,000. Banque Cantonale Vaudoise acquired a new stake in shares of MINISO Group during the second quarter valued at approximately $118,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of MINISO Group in the 1st quarter valued at approximately $201,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Stock Down 2.6 %

MNSO opened at $19.33 on Friday. The company has a market capitalization of $6.11 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 0.75 and a beta of 0.15. The business has a 50-day moving average of $17.34 and a 200-day moving average of $18.91. MINISO Group Holding Limited has a fifty-two week low of $12.51 and a fifty-two week high of $28.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93.

MINISO Group (NYSE:MNSO) last posted its 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 firm had revenue of $555.26 million during the quarter, compared to analysts’ expectations of $557.54 million. Equities research analysts forecast that MINISO Group Holding Limited will post 1.23 EPS for the current fiscal year.

MINISO Group Dividend Announcement

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

Analyst Ratings Changes

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

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.