MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s stock 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
MNSO has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of MINISO Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $15.00 to $22.00 in a report on Tuesday, March 25th. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $20.00 target price on shares of MINISO Group in a report on Tuesday, May 27th. Finally, HSBC assumed coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, MINISO Group has an average rating of "Moderate Buy" and a consensus price target of $24.53.
Get Our Latest Analysis on MNSO
MINISO Group Trading Down 2.7%
The company has a 50 day moving average price of $17.78 and a two-hundred day moving average price of $20.58. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 0.80 and a beta of 0.15. 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 posted its quarterly earnings data on Friday, May 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($1.85). The company had revenue of $609.87 million for the quarter, compared to analysts' expectations of $4.35 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. On average, research analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current year.
MINISO Group Dividend Announcement
The company also recently disclosed a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.3268 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's dividend payout ratio (DPR) is currently 56.76%.
Institutional Trading of MINISO Group
Several large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of MINISO Group during the fourth quarter worth $31,000. Brooklyn Investment Group boosted its position in MINISO Group by 579.4% during the first quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock worth $31,000 after acquiring an additional 1,408 shares during the last quarter. Barclays PLC purchased a new stake in MINISO Group during the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its holdings in MINISO Group by 83.0% in the 4th 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 during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in MINISO Group in the 1st quarter worth approximately $74,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.
MINISO Group Company Profile
(
Get Free Report)
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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