ABS Direct Equity Fund LLC Makes New Investment in MINISO Group Holding Limited (NYSE:MNSO)

ABS Direct Equity Fund LLC bought a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 75,841 shares of the company’s stock, valued at approximately $1,547,000. MINISO Group accounts for 1.5% of ABS Direct Equity Fund LLC’s holdings, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co bought a new position in shares of MINISO Group in the 3rd quarter worth about $575,000. XY Capital Ltd raised its position in shares of MINISO Group by 409.9% in the 3rd quarter. XY Capital Ltd now owns 104,786 shares of the company’s stock worth $2,714,000 after acquiring an additional 84,236 shares in the last quarter. Andra AP fonden raised its position 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 acquiring an additional 52,800 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of MINISO Group by 3.5% in the 3rd quarter. Royal London Asset Management Ltd. now owns 149,900 shares of the company’s stock worth $3,880,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of MINISO Group by 31.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,200 shares of the company’s stock worth $5,470,000 after acquiring an additional 50,150 shares in the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

MINISO Group Stock Down 0.7 %

MINISO Group stock traded down $0.18 during midday trading on Friday, reaching $24.02. The stock had a trading volume of 1,358,453 shares, compared to its average volume of 1,370,183. MINISO Group Holding Limited has a 12 month low of $14.46 and a 12 month high of $29.92. The company has a market capitalization of $7.59 billion, a P/E ratio of 23.55, a PEG ratio of 1.00 and a beta of 0.23. The company has a fifty day moving average price of $20.47 and a two-hundred day moving average price of $21.29. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 0.09.

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

MINISO Group Announces Dividend

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

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.