MINISO Group (NYSE:MNSO) Shares Gap Down - Time to Sell?

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $18.14, but opened at $17.63. MINISO Group shares last traded at $17.67, with a volume of 81,584 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. HSBC assumed coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective on the stock. JPMorgan Chase & Co. upgraded MINISO Group from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $15.00 to $22.00 in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $20.00 price objective on shares of MINISO Group in a research note on Tuesday, May 27th. Finally, Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.53.

MINISO Group Stock Performance

The firm has a market capitalization of $5.76 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 0.80 and a beta of 0.15. The stock has a 50-day moving average of $17.76 and a 200 day moving average of $20.63. 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 (NYSE:MNSO - Get Free Report) last announced its quarterly earnings data on Friday, May 23rd. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $2.04 by ($1.85). The firm had revenue of $609.87 million during the quarter, compared to analyst estimates of $4.35 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, research analysts anticipate that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

MINISO Group Announces Dividend

The business also recently declared a -- dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th were paid a $0.3268 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, April 8th. MINISO Group's dividend payout ratio (DPR) is currently 56.76%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MNSO. EverSource Wealth Advisors LLC lifted its holdings in shares of MINISO Group by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after purchasing an additional 734 shares in the last quarter. Northern Trust Corp raised its stake in shares of MINISO Group by 3.3% in the 4th quarter. Northern Trust Corp now owns 24,232 shares of the company's stock valued at $579,000 after purchasing an additional 784 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of MINISO Group in the 4th quarter valued at about $31,000. Brooklyn Investment Group raised its stake in shares of MINISO Group by 579.4% in the 1st quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock valued at $31,000 after purchasing an additional 1,408 shares during the period. Finally, Barclays PLC acquired a new stake in shares of MINISO Group in the 4th quarter valued at about $36,000. Institutional investors and hedge funds 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.