MINISO Group (NYSE:MNSO) Sets New 52-Week Low - Should You Sell?

Key Points

• New 52-week low: MINISO hit a 52-week low of $14.48 and last traded at $14.56, trading below its 50- and 200-day moving averages ($16.40 and $18.74), signaling recent share weakness.
• Analyst stance: the consensus rating is a Hold (2 Buys, 3 Holds) with an average price target of $24.60, above the current share price.
• Fundamentals and payout: the company reported quarterly EPS of $0.09 on $893.9M revenue, a 5.56% net margin, and recently paid a dividend of $0.3764 per share (stated yield of 479%) with a payout ratio of 135.19%.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $14.48 and last traded at $14.56, with a volume of 46914 shares traded. The stock had previously closed at $14.63.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MNSO shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MINISO Group in a research note on Friday, March 27th. Zacks Research raised MINISO Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $24.60.

MINISO Group Price Performance

The firm has a market cap of $4.60 billion, a PE ratio of 27.50, a PEG ratio of 1.61 and a beta of 0.14. The firm has a fifty day simple moving average of $16.40 and a two-hundred day simple moving average of $18.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.23 and a current ratio of 1.66.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $893.90 million during the quarter. MINISO Group had a return on equity of 11.15% and a net margin of 5.56%. Equities analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were issued a dividend of $0.3764 per share. This represents a yield of 479.0%. The ex-dividend date was Monday, April 20th. MINISO Group's dividend payout ratio (DPR) is currently 135.19%.

Hedge Funds Weigh In On MINISO Group

Institutional investors have recently added to or reduced their stakes in the company. Long Corridor Asset Management Ltd purchased a new position in MINISO Group during the 3rd quarter valued at approximately $2,368,000. Fox Run Management L.L.C. purchased a new position in MINISO Group during the 3rd quarter valued at approximately $1,275,000. WFM ASIA BVI Ltd purchased a new position in MINISO Group during the 3rd quarter valued at approximately $35,624,000. Persistent Asset Partners Ltd purchased a new stake in MINISO Group during the third quarter valued at approximately $948,000. Finally, Keystone Investors PTE Ltd. raised its position in MINISO Group by 32.2% during the third quarter. Keystone Investors PTE Ltd. now owns 192,100 shares of the company's stock valued at $4,322,000 after purchasing an additional 46,800 shares during the period. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Company Profile

MINISO Group NYSE: MNSO is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO's stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company's product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.

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