MINISO Group (NYSE:MNSO) Releases Earnings Results, Misses Expectations By $1.85 EPS

MINISO Group (NYSE:MNSO - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.04 by ($1.85), Zacks reports. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%.

MINISO Group Price Performance

NYSE MNSO opened at $22.20 on Friday. The business has a 50 day simple moving average of $18.14 and a 200 day simple moving average of $20.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. MINISO Group has a 52-week low of $12.51 and a 52-week high of $27.71. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.80 and a beta of 0.18.

MINISO Group Announces Dividend

The firm also recently announced a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were paid a $0.3268 dividend. The ex-dividend date was Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's payout ratio is 53.39%.

Institutional Investors Weigh In On MINISO Group

An institutional investor recently raised its position in MINISO Group stock. Royal Bank of Canada raised its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 66.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,928 shares of the company's stock after buying an additional 10,747 shares during the period. Royal Bank of Canada's holdings in MINISO Group were worth $498,000 at the end of the most recent reporting period. 17.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded MINISO Group from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, HSBC started coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.03.

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.

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