MINISO Group (NYSE:MNSO) Sees Large Volume Increase After Dividend Announcement

MINISO Group Holding Limited (NYSE:MNSO) shares saw unusually-strong trading volume on Friday after the company announced a dividend. Approximately 1,823,791 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 1,605,891 shares.The stock last traded at $19.06 and had previously closed at $20.79.

The newly announced dividend which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be given a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. MINISO Group’s dividend payout ratio (DPR) is presently 46.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MNSO shares. HSBC started coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 target price for the company. Hsbc Global Res upgraded shares of MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.70.

MINISO Group Trading Down 9.1 %

The stock has a market capitalization of $5.91 billion, a P/E ratio of 17.03, a P/E/G ratio of 0.80 and a beta of 0.10. The firm’s 50 day moving average price is $21.83 and its 200 day moving average price is $20.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). The firm had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. As a group, equities research analysts expect that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of MINISO Group

Several institutional investors and hedge funds have recently bought and sold shares of MNSO. SBI Securities Co. Ltd. purchased a new stake in MINISO Group in the fourth quarter worth about $31,000. Barclays PLC bought a new stake in shares of MINISO Group during the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC increased its position in shares of MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after acquiring an additional 734 shares in the last quarter. FMR LLC increased its position in shares of MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after acquiring an additional 2,884 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of MINISO Group during the fourth quarter valued at approximately $163,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

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.