M&G Plc Buys 640,718 Shares of MINISO Group Holding Limited (NYSE:MNSO)

M&G Plc raised its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 129.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,137,449 shares of the company’s stock after buying an additional 640,718 shares during the period. M&G Plc’s holdings in MINISO Group were worth $21,612,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its position in MINISO Group by 37.8% during the first quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company’s stock valued at $107,081,000 after acquiring an additional 1,433,950 shares during the last quarter. Axiom Investors LLC DE boosted its stake 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 worth $33,582,000 after acquiring an additional 868,599 shares during the period. Norges Bank bought a new position in MINISO Group in the 4th quarter worth approximately $31,510,000. Victory Capital Management Inc. grew its stake in MINISO Group by 24.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,193,474 shares of the company’s stock valued at $24,347,000 after acquiring an additional 230,769 shares in the last quarter. Finally, Sylebra Capital LLC bought a new stake in shares of MINISO Group in the first quarter worth about $19,119,000. 17.16% of the stock is owned by institutional investors.

MINISO Group Price Performance

Shares of MNSO opened at $15.67 on Wednesday. The company has a 50 day moving average price of $18.44 and a 200-day moving average price of $19.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.80 and a current ratio of 2.18. The stock has a market capitalization of $4.95 billion, a PE ratio of 14.78, a PEG ratio of 0.59 and a beta of 0.18. MINISO Group Holding Limited has a fifty-two week low of $14.28 and a fifty-two week high of $29.92.

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. started coverage on shares of 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 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.