MINISO Group (NYSE:MNSO) Shares Gap Down to $19.00

MINISO Group Holding Limited (NYSE:MNSO)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $19.00, but opened at $18.00. MINISO Group shares last traded at $18.63, with a volume of 981,506 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 target price (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Finally, Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

MINISO Group Stock Performance

The company’s 50-day moving average price is $15.92 and its 200 day moving average price is $19.32. The stock has a market capitalization of $5.96 billion, a PE ratio of 17.94, a PEG ratio of 0.56 and a beta of 0.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. The business had revenue of $555.26 million for the quarter, compared to analysts’ expectations of $557.54 million. On average, equities research 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. Investors of record on Friday, September 13th were paid a $0.274 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s payout ratio is 49.06%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP increased its position in MINISO Group by 96.4% during the 1st quarter. GSA Capital Partners LLP now owns 89,196 shares of the company’s stock valued at $1,829,000 after buying an additional 43,782 shares in the last quarter. Prudential PLC increased its holdings in shares of MINISO Group by 884.5% during the fourth quarter. Prudential PLC now owns 217,548 shares of the company’s stock valued at $4,438,000 after acquiring an additional 195,451 shares in the last quarter. M&G Plc purchased a new position in shares of MINISO Group in the 1st quarter worth about $10,431,000. Point72 Hong Kong Ltd boosted its stake 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 worth $32,567,000 after purchasing an additional 804,706 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in MINISO Group during the 2nd quarter valued at about $607,000. 17.16% of the stock is currently owned by institutional investors.

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.