MINISO Group (NYSE:MNSO) Shares Gap Up - Still a Buy?

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $17.17, but opened at $17.89. MINISO Group shares last traded at $17.96, with a volume of 319,956 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. HSBC began coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price for the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $20.00 price objective on shares of MINISO Group in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upgraded MINISO Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $15.00 to $22.00 in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, MINISO Group presently has an average rating of "Moderate Buy" and a consensus target price of $24.53.

MINISO Group Stock Performance

The stock has a market capitalization of $5.63 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 0.80 and a beta of 0.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The company has a 50 day simple moving average of $17.76 and a 200-day simple moving average of $20.60.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The company reported $0.19 earnings per share 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 the consensus estimate of $4.35 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. On average, equities analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MNSO. Norges Bank purchased a new position in MINISO Group in the 4th quarter worth $2,839,000. The Manufacturers Life Insurance Company raised its stake in MINISO Group by 54.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 215,206 shares of the company's stock worth $5,141,000 after buying an additional 75,697 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of MINISO Group by 78.0% in the 4th quarter. Hsbc Holdings PLC now owns 181,328 shares of the company's stock valued at $4,342,000 after purchasing an additional 79,455 shares during the period. Candriam S.C.A. bought a new stake in shares of MINISO Group during the 4th quarter valued at $9,986,000. Finally, Caption Management LLC bought a new stake in MINISO Group during the fourth quarter worth about $516,000. Institutional investors own 17.16% of the company's stock.

About MINISO Group

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.