MINISO Group (NYSE:MNSO) Shares Gap Down - What's Next?

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) shares 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MNSO shares. Bank of America upgraded shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $20.00 target price on shares of MINISO Group in a research note on Tuesday, May 27th. Dbs Bank upgraded shares of MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. Finally, Jefferies Financial Group upgraded shares of MINISO Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $18.50 to $26.20 in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $24.86.

MINISO Group Stock Performance

The company has a current ratio of 1.92, a quick ratio of 1.50 and a debt-to-equity ratio of 0.71. The stock's 50 day moving average price is $21.31 and its two-hundred day moving average price is $19.35. The firm has a market capitalization of $7.76 billion, a PE ratio of 23.40, a PEG ratio of 1.65 and a beta of 0.18.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($1.52). The business had revenue of $692.93 million for the quarter, compared to analysts' expectations of $4.85 billion. MINISO Group had a return on equity of 22.60% and a net margin of 12.63%. On average, equities analysts expect that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current year.

MINISO Group Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.2896 dividend. This represents a yield of 236.0%. The ex-dividend date of this dividend is Friday, September 5th. MINISO Group's payout ratio is presently 52.34%.

Hedge Funds Weigh In On MINISO Group

A number of hedge funds have recently made changes to their positions in MNSO. Northern Trust Corp boosted its holdings 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 last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of MINISO Group in the 4th quarter valued at $231,000. Quantinno Capital Management LP lifted its holdings in shares of MINISO Group by 47.5% during the 4th quarter. Quantinno Capital Management LP now owns 16,067 shares of the company's stock valued at $384,000 after acquiring an additional 5,172 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of MINISO Group during the 4th quarter valued at $1,514,000. Finally, Two Sigma Advisers LP acquired a new position in shares of MINISO Group during the 4th quarter valued at $237,000. 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.