MINISO Group (NYSE:MNSO) Shares Gap Up - Time to Buy?

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) gapped up prior to trading 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 changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on MNSO shares. HSBC started coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $20.00 price objective on shares of MINISO Group in a report on Tuesday, May 27th. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $15.00 to $22.00 in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, MINISO Group has an average rating of "Moderate Buy" and an average price target of $24.53.

MINISO Group Trading Down 0.0%

The company's fifty day simple moving average is $17.79 and its two-hundred day simple moving average is $20.57. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 0.80 and a beta of 0.15.

MINISO Group (NYSE:MNSO - Get Free Report) last issued 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). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The company had revenue of $609.87 million for the quarter, compared to the consensus estimate of $4.35 billion. Research analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

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

Institutional Investors Weigh In On MINISO Group

Several large investors have recently made changes to their positions in MNSO. SG Americas Securities LLC bought a new stake in shares of MINISO Group during the fourth quarter worth $163,000. US Bancorp DE increased its position in shares of MINISO Group by 344.7% during the fourth quarter. US Bancorp DE now owns 11,864 shares of the company's stock worth $283,000 after acquiring an additional 9,196 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of MINISO Group during the fourth quarter worth $31,000. Candriam S.C.A. bought a new stake in shares of MINISO Group during the fourth quarter worth $9,986,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after acquiring an additional 734 shares in the last quarter. 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.