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

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $20.77, but opened at $21.80. MINISO Group shares last traded at $21.67, with a volume of 544,693 shares.

Analyst Upgrades and Downgrades

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

MINISO Group Stock Down 4.5%

The company has a market capitalization of $5.47 billion, a PE ratio of 15.74, a P/E/G ratio of 0.80 and a beta of 0.18. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $18.02 and a two-hundred day simple moving average of $20.63.

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 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 analysts' expectations of $4.35 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. Research analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Serenity Capital Management PTE. LTD. purchased a new stake in shares of MINISO Group in the first quarter valued at approximately $8,569,000. Goldman Sachs Group Inc. lifted its holdings in MINISO Group by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company's stock valued at $5,832,000 after acquiring an additional 5,086 shares during the period. Royal Bank of Canada boosted its position in shares of MINISO Group by 66.4% during the 1st quarter. Royal Bank of Canada now owns 26,928 shares of the company's stock worth $498,000 after purchasing an additional 10,747 shares in the last quarter. OLD Mission Capital LLC acquired a new position in shares of MINISO Group during the 1st quarter worth $952,000. Finally, Vident Advisory LLC grew its stake in shares of MINISO Group by 14.5% during the 1st quarter. Vident Advisory LLC now owns 24,680 shares of the company's stock worth $456,000 after purchasing an additional 3,121 shares during the period. 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.