MINISO Group Holding Limited Unsponsored ADR $MNSO Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) by 29.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 28,319 shares of the company’s stock after selling 11,639 shares during the period. Invesco Ltd.’s holdings in MINISO Group were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in MINISO Group during the 1st quarter worth approximately $214,000. AI Squared Management Ltd increased its position in MINISO Group by 63.4% during the 1st quarter. AI Squared Management Ltd now owns 103,945 shares of the company’s stock worth $1,922,000 after purchasing an additional 40,328 shares during the period. Banque Cantonale Vaudoise acquired a new position in MINISO Group during the 1st quarter worth approximately $74,000. Mackenzie Financial Corp increased its position in MINISO Group by 8.0% during the 1st quarter. Mackenzie Financial Corp now owns 192,620 shares of the company’s stock worth $3,562,000 after purchasing an additional 14,278 shares during the period. Finally, Infini Capital Management Ltd acquired a new position in MINISO Group during the 1st quarter worth approximately $289,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Price Performance

Shares of NYSE:MNSO opened at $24.51 on Friday. The business’s fifty day moving average price is $20.34 and its two-hundred day moving average price is $19.15. The stock has a market cap of $7.61 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.55 and a beta of 0.18. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.50 and a current ratio of 1.92. MINISO Group Holding Limited Unsponsored ADR has a one year low of $12.51 and a one year high of $27.71.

MINISO Group (NYSE:MNSO) last announced its earnings results on Thursday, August 21st. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($1.52). The company had revenue of $692.93 million for the quarter, compared to analyst estimates of $4.85 billion. MINISO Group had a net margin of 12.63% and a return on equity of 22.60%. On average, analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.19 EPS for the current fiscal year.

MINISO Group Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.2896 per share. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 236.0%. MINISO Group’s dividend payout ratio (DPR) is 58.88%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America upgraded MINISO Group from an “underperform” rating to a “neutral” rating in a report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $20.00 price target on shares of MINISO Group in a report on Tuesday, May 27th. Jefferies Financial Group upgraded MINISO Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $18.50 to $26.20 in a report on Friday, August 22nd. Finally, Dbs Bank upgraded MINISO Group to a “moderate buy” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.86.

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.