MINISO Group (NYSE:MNSO) Shares Gap Down - Should You Sell?

Key Points

• MINISO Group's stock price opened at $24.63 after closing at $25.30, with the latest trade at $24.18, reflecting a significant gap down.
• Analysts have varying ratings for MINISO Group, with a consensus rating of "Moderate Buy" and an average price target set at $24.86.
• The company recently reported an EPS of $0.22, missing estimates significantly, and has announced a dividend payment with a yield of 236.0%.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $25.30, but opened at $24.63. MINISO Group shares last traded at $24.18, with a volume of 87,279 shares changing hands.

Analysts Set New Price Targets

MNSO has been the subject of a number of recent analyst reports. Bank of America upgraded MINISO Group from an "underperform" rating to a "neutral" rating in a research report on Thursday, August 21st. Jefferies Financial Group raised MINISO Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $18.50 to $26.20 in a report on Friday, August 22nd. Dbs Bank raised MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $20.00 price objective on shares of MINISO Group in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, MINISO Group currently has a consensus rating of "Moderate Buy" and an average price target of $24.86.

MINISO Group Stock Down 3.4%

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.92 and a quick ratio of 1.50. The company has a market capitalization of $7.59 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.61 and a beta of 0.18. The stock has a 50-day moving average price of $20.92 and a 200-day moving average price of $19.27.

MINISO Group (NYSE:MNSO - Get Free Report) last released its earnings results on Thursday, August 21st. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $1.74 by ($1.52). The business had revenue of $692.93 million for the quarter, compared to analyst estimates of $4.85 billion. MINISO Group had a return on equity of 22.60% and a net margin of 12.63%. On average, research analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.19 EPS for the current fiscal year.

MINISO Group Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.2896 per share. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 236.0%. MINISO Group's payout ratio is currently 52.34%.

Hedge Funds Weigh In On MINISO Group

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of MINISO Group by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company's stock worth $2,427,000 after buying an additional 595 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company's stock worth $41,000 after buying an additional 608 shares during the last quarter. Northern Trust Corp grew 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 worth $579,000 after buying an additional 784 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of MINISO Group by 141.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the company's stock worth $35,000 after buying an additional 1,131 shares during the last quarter. Finally, Brooklyn Investment Group grew 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 worth $31,000 after buying an additional 1,408 shares during the last quarter. 17.16% of the stock is owned by hedge funds and other institutional investors.

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.

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