Fox Run Management L.L.C. Makes New $368,000 Investment in MINISO Group Holding Limited (NYSE:MNSO)

Fox Run Management L.L.C. bought a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,403 shares of the company’s stock, valued at approximately $368,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MNSO. Candriam S.C.A. purchased a new stake in shares of MINISO Group during the fourth quarter valued at approximately $9,986,000. Citigroup Inc. increased its position in shares of MINISO Group by 553.7% during the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock valued at $6,846,000 after purchasing an additional 330,579 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of MINISO Group by 14.9% during the 4th quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock worth $8,020,000 after purchasing an additional 43,151 shares during the period. ABS Direct Equity Fund LLC boosted its holdings in shares of MINISO Group by 5.1% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 92,941 shares of the company’s stock worth $1,630,000 after buying an additional 4,500 shares during the last quarter. Finally, Erste Asset Management GmbH grew its position in MINISO Group by 100.0% during the fourth quarter. Erste Asset Management GmbH now owns 80,000 shares of the company’s stock valued at $1,925,000 after buying an additional 40,000 shares during the period. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Up 2.7 %

MNSO opened at $18.74 on Thursday. MINISO Group Holding Limited has a 12 month low of $12.51 and a 12 month high of $27.71. The company has a market cap of $5.85 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $21.56 and a 200 day moving average of $20.50.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). The company had revenue of $646.49 million during the quarter, compared to the consensus estimate 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 declared a — dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.3268 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group’s dividend payout ratio is presently 55.08%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MNSO. HSBC assumed coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 target price on the stock. JPMorgan Chase & Co. raised 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 report on Tuesday. Finally, Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, MINISO Group presently has an average rating of “Moderate Buy” and a consensus target price of $26.03.

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.