MINISO Group Target of Unusually Large Options Trading (NYSE:MNSO)

MINISO Group Holding Limited (NYSE:MNSO) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 5,522 call options on the company. This represents an increase of approximately 1,085% compared to the average daily volume of 466 call options.

MINISO Group Stock Down 13.8 %

MNSO stock traded down $2.27 during midday trading on Monday, hitting $14.19. The company’s stock had a trading volume of 7,051,402 shares, compared to its average volume of 1,479,355. The company’s fifty day moving average price is $16.16 and its 200 day moving average price is $19.45. MINISO Group has a twelve month low of $13.21 and a twelve month high of $28.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The stock has a market capitalization of $4.48 billion, a P/E ratio of 13.04, a PEG ratio of 0.68 and a beta of 0.17.

MINISO Group Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be given a $0.274 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, September 13th. MINISO Group’s dividend payout ratio (DPR) is presently 49.06%.

Institutional Investors Weigh In On MINISO Group

Several hedge funds have recently bought and sold shares of the company. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its position in shares of MINISO Group by 37.8% in the first quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company’s stock worth $107,081,000 after purchasing an additional 1,433,950 shares during the period. Sylebra Capital LLC increased its holdings in MINISO Group by 96.3% in the 2nd quarter. Sylebra Capital LLC now owns 1,831,002 shares of the company’s stock valued at $34,917,000 after buying an additional 898,373 shares during the period. Point72 Hong Kong Ltd increased its holdings in MINISO Group by 89.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company’s stock valued at $32,567,000 after buying an additional 804,706 shares during the period. Axiom Investors LLC DE raised its position in shares of MINISO Group by 111.7% in the 4th quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock valued at $33,582,000 after buying an additional 868,599 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of MINISO Group by 3.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,588,191 shares of the company’s stock worth $30,287,000 after acquiring an additional 50,650 shares during the period. 17.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price objective on MINISO Group from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd.

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.