Lazard Asset Management LLC Sells 1,976 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Lazard Asset Management LLC lowered its position in MINISO Group Holding Limited (NYSE:MNSO) by 0.5% in the first quarter, HoldingsChannel.com reports. The fund owned 416,700 shares of the company’s stock after selling 1,976 shares during the quarter. Lazard Asset Management LLC’s holdings in MINISO Group were worth $8,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MNSO. Norges Bank bought a new stake in MINISO Group in the 4th quarter valued at $31,510,000. Axiom Investors LLC DE raised its position in shares of MINISO Group by 111.7% in the fourth quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock valued at $33,582,000 after purchasing an additional 868,599 shares during the period. Carmignac Gestion lifted its stake in shares of MINISO Group by 95,834.7% during the 4th quarter. Carmignac Gestion now owns 735,819 shares of the company’s stock worth $15,010,000 after buying an additional 735,052 shares during the last quarter. M&G Plc bought a new stake in shares of MINISO Group during the 1st quarter worth about $10,431,000. Finally, Principal Financial Group Inc. acquired a new position in MINISO Group in the 1st quarter valued at about $7,462,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Stock Performance

NYSE MNSO traded down $0.02 on Friday, reaching $16.68. The stock had a trading volume of 742,819 shares, compared to its average volume of 1,129,712. MINISO Group Holding Limited has a 1-year low of $15.71 and a 1-year high of $29.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.80. The company has a market cap of $5.27 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17. The firm has a fifty day moving average of $20.15 and a two-hundred day moving average of $20.25.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.26 EPS for the quarter. MINISO Group had a net margin of 16.23% and a return on equity of 26.19%. The business had revenue of $515.70 million for the quarter. During the same period in the prior year, the business posted $0.22 earnings per share. On average, equities research analysts anticipate that MINISO Group Holding Limited will post 1.21 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. began coverage on shares of MINISO Group in a research report on Tuesday, April 30th. They set an “overweight” rating and a $30.00 price objective for the company.

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.