abrdn plc Sells 51,174 Shares of MINISO Group Holding Limited (NYSE:MNSO)

abrdn plc trimmed its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 76.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,961 shares of the company’s stock after selling 51,174 shares during the quarter. abrdn plc’s holdings in MINISO Group were worth $326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of MINISO Group by 95.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after purchasing an additional 492 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in MINISO Group during the 4th quarter valued at about $206,000. Handelsinvest Investeringsforvaltning purchased a new stake in shares of MINISO Group during the 4th quarter valued at about $231,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of MINISO Group in the third quarter worth approximately $339,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of MINISO Group during the third quarter valued at approximately $343,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Stock Down 2.9 %

MNSO stock opened at $22.47 on Wednesday. The business’s 50-day moving average is $20.20 and its two-hundred day moving average is $21.27. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 0.77 and a beta of 0.27. MINISO Group Holding Limited has a fifty-two week low of $14.46 and a fifty-two week high of $29.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. The firm had revenue of $541.04 million for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. As a group, analysts forecast that MINISO Group Holding Limited will post 1.18 earnings per share for the current year.

MINISO Group Dividend Announcement

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

Analyst Ratings Changes

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

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.