MINISO Group (NYSE:MNSO) Trading Down 3.2% – Here’s What Happened

MINISO Group Holding Limited (NYSE:MNSO) dropped 3.2% during mid-day trading on Tuesday . The stock traded as low as $15.21 and last traded at $15.32. Approximately 190,200 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,723,850 shares. The stock had previously closed at $15.82.

Wall Street Analysts Forecast Growth

MNSO has been the subject of a number of recent research reports. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. HSBC began coverage on shares of MINISO Group in a report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price target for the company. Finally, JPMorgan Chase & Co. raised shares of MINISO Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $15.00 to $22.00 in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, MINISO Group has a consensus rating of “Moderate Buy” and an average price target of $26.03.

MINISO Group Trading Down 8.5 %

The firm has a 50-day moving average of $20.77 and a 200 day moving average of $20.67. The company has a market cap of $4.52 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18. 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 (NYSE:MNSO) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). The business had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, analysts predict that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently declared a — dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be paid a $0.3268 dividend. This represents a yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group’s dividend payout ratio (DPR) is currently 53.39%.

Hedge Funds Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in MINISO Group during the 4th quarter worth approximately $31,000. Barclays PLC acquired a new position in shares of MINISO Group during the fourth quarter worth approximately $36,000. EverSource Wealth Advisors LLC grew its position in MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after purchasing an additional 734 shares during the period. FMR LLC increased its stake in MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after purchasing an additional 2,884 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in MINISO Group during the fourth quarter worth $163,000. Institutional investors own 17.16% of the company’s stock.

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.