MINISO Group (NYSE:MNSO) Sees Large Volume Increase

MINISO Group Holding Limited (NYSE:MNSO) shares saw strong trading volume on Tuesday . 1,139,714 shares changed hands during trading, a decline of 26% from the previous session’s volume of 1,533,614 shares.The stock last traded at $12.95 and had previously closed at $13.72.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research report on Monday. Bank of America cut MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on MINISO Group from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd.

MINISO Group Trading Down 6.3 %

The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 0.68 and a beta of 0.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. The business has a fifty day moving average of $16.07 and a two-hundred day moving average of $19.44.

MINISO Group (NYSE:MNSO) last posted its earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. The firm had revenue of $555.26 million for the quarter, compared to analyst estimates of $557.54 million. As a group, equities analysts expect that MINISO Group Holding Limited will post 1.22 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be paid a $0.274 dividend. This represents a yield of 1.6%. The ex-dividend date is Friday, September 13th. MINISO Group’s payout ratio is currently 49.06%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of MINISO Group by 5.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 379,100 shares of the company’s stock worth $7,229,000 after purchasing an additional 19,000 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of MINISO Group by 9.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock worth $215,000 after purchasing an additional 942 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MINISO Group during the 2nd quarter worth $26,000. Point72 Asset Management L.P. lifted its stake in shares of MINISO Group by 138.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company’s stock worth $21,229,000 after purchasing an additional 645,722 shares during the period. Finally, Sylebra Capital LLC lifted its stake in shares of MINISO Group by 96.3% during the 2nd quarter. Sylebra Capital LLC now owns 1,831,002 shares of the company’s stock worth $34,917,000 after purchasing an additional 898,373 shares during the period. Hedge funds and other 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.