MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $22.29, but opened at $23.31. MINISO Group shares last traded at $22.65, with a volume of 377,066 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of MINISO Group from a "hold" rating to a "buy" rating and upped their price target for the company from $18.50 to $26.20 in a research report on Friday, August 22nd. Bank of America upgraded shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research report on Thursday, August 21st. Finally, Dbs Bank upgraded shares of MINISO Group to a "moderate buy" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.86.
Read Our Latest Analysis on MINISO Group
MINISO Group Stock Performance
The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.50 and a current ratio of 1.92. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 1.48 and a beta of 0.18. The stock has a fifty day simple moving average of $22.17 and a two-hundred day simple moving average of $19.55.
MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($1.52). The company had revenue of $692.93 million during 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%. Analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current fiscal year.
MINISO Group Cuts Dividend
The business also recently declared a -- dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.2896 dividend. This represents a yield of 236.0%. The ex-dividend date was Friday, September 5th. MINISO Group's dividend payout ratio (DPR) is presently 52.34%.
Institutional Investors Weigh In On MINISO Group
A number of large investors have recently bought and sold shares of the stock. Brooklyn Investment Group lifted its stake in shares of MINISO Group by 579.4% in the first quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock valued at $31,000 after buying an additional 1,408 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of MINISO Group by 141.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the company's stock valued at $35,000 after buying an additional 1,131 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of MINISO Group by 3,465.0% in the second quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company's stock valued at $39,000 after buying an additional 2,079 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of MINISO Group by 37.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company's stock valued at $41,000 after buying an additional 608 shares in the last quarter. Finally, GFG Capital LLC bought a new position in shares of MINISO Group in the second quarter valued at $58,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.
MINISO Group Company Profile
(
Get Free Report)
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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