Avalon Trust Co Invests $26,000 in MINISO Group Holding Limited (NYSE:MNSO)

Avalon Trust Co bought a new stake in MINISO Group Holding Limited (NYSE:MNSO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,288 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds have also recently added to or reduced their stakes in MNSO. Diversified Trust Co acquired a new stake in shares of MINISO Group in the 3rd quarter worth approximately $575,000. XY Capital Ltd increased its position in shares of MINISO Group by 409.9% during the 3rd quarter. XY Capital Ltd now owns 104,786 shares of the company’s stock valued at $2,714,000 after purchasing an additional 84,236 shares during the period. Andra AP fonden raised its stake in shares of MINISO Group by 32.7% in the 3rd quarter. Andra AP fonden now owns 214,300 shares of the company’s stock worth $5,550,000 after buying an additional 52,800 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of MINISO Group by 3.5% in the third quarter. Royal London Asset Management Ltd. now owns 149,900 shares of the company’s stock valued at $3,880,000 after buying an additional 5,100 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in MINISO Group by 31.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,200 shares of the company’s stock valued at $5,470,000 after buying an additional 50,150 shares in the last quarter. Institutional investors own 17.16% of the company’s stock.

Analyst Ratings Changes

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

MINISO Group Price Performance

Shares of NYSE:MNSO traded down $0.18 on Friday, reaching $24.02. 1,358,453 shares of the company traded hands, compared to its average volume of 1,370,183. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 1.91. The stock has a market capitalization of $7.59 billion, a PE ratio of 23.55, a P/E/G ratio of 1.00 and a beta of 0.23. The company’s 50 day moving average is $20.47 and its 200-day moving average is $21.23. MINISO Group Holding Limited has a fifty-two week low of $14.46 and a fifty-two week high of $29.92.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. The business had revenue of $541.04 million during the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. As a group, analysts anticipate that MINISO Group Holding Limited will post 1.24 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The company also recently declared a None dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a dividend yield of 2%. MINISO Group’s dividend payout ratio (DPR) is presently 38.24%.

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.