BNP Paribas Financial Markets Buys Shares of 158,213 MINISO Group Holding Limited (NYSE:MNSO)

BNP Paribas Financial Markets bought a new stake in shares of MINISO Group Holding Limited (NYSE:MNSO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 158,213 shares of the company’s stock, valued at approximately $3,780,000. BNP Paribas Financial Markets owned 0.05% of MINISO Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of MINISO Group in the 4th quarter worth approximately $31,000. Barclays PLC purchased a new position in shares of MINISO Group in the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC grew its position in shares of MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after buying an additional 734 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of MINISO Group in the 4th quarter worth approximately $163,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of MINISO Group in the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Stock Performance

Shares of NYSE MNSO opened at $19.80 on Thursday. 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 Holding Limited has a 12 month low of $12.51 and a 12 month high of $27.71. The company has a 50 day simple moving average of $18.08 and a two-hundred day simple moving average of $20.57. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The business had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. As a group, analysts predict that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

MINISO Group Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, April 8th. MINISO Group’s payout ratio is 53.39%.

Analyst Upgrades and Downgrades

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

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.