MINISO Group (NYSE:MNSO) Trading Down 5.1% – Should You Sell?

by · The Cerbat Gem

MINISO Group Holding Limited (NYSE:MNSO – Get Free Report) shares were down 5.1% during mid-day trading on Thursday . The company traded as low as $17.04 and last traded at $17.05. Approximately 154,216 shares traded hands during trading, a decline of 92% from the average daily volume of 1,858,540 shares. The stock had previously closed at $17.96.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price target (down from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. Citigroup started coverage on shares of MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 target price on the stock. Finally, Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.90.

View Our Latest Stock Report on MNSO

MINISO Group Trading Up 2.7 %

The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average is $17.53 and its two-hundred day moving average is $18.72. The firm has a market cap of $5.46 billion, a P/E ratio of 15.99, a P/E/G ratio of 0.74 and a beta of 0.15.

MINISO Group (NYSE:MNSO – Get Free Report) last announced its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $555.26 million for the quarter, compared to analysts’ expectations of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. As a group, analysts expect that MINISO Group Holding Limited will post 1.23 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were given a dividend of $0.274 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio is currently 49.07%.

Hedge Funds Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MINISO Group during the second quarter valued at approximately $26,000. Blue Trust Inc. increased its position in shares of MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after purchasing an additional 1,890 shares during the period. FMR LLC raised its stake in shares of MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after buying an additional 2,884 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of MINISO Group in the third quarter valued at $78,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of MINISO Group in the second quarter valued at $118,000. Institutional investors own 17.16% of the company’s stock.

About MINISO Group

(Get Free Report)

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.

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