MINISO Group (NYSE:MNSO) Stock Price Up 5.2% - What's Next?

Key Points

• MINISO Group's shares rose by 5.2% on Monday, trading between $20.69 and $20.76, although trading volume dropped significantly, with only 70,699 shares exchanged versus an average of 1,099,612.
• Analysts have set a target price of $20.00 for MINISO Group, with a "Moderate Buy" rating based on a mix of ratings from various analysts.
• Recent changes among institutional investors have been notable, with KEYWISE CAPITAL MANAGEMENT increasing its stake by 76.6%, now owning over 9 million shares valued at approximately $219.8 million.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report)'s share price rose 5.2% during mid-day trading on Monday . The company traded as high as $20.69 and last traded at $20.76. Approximately 70,699 shares were traded during trading, a decline of 94% from the average daily volume of 1,099,612 shares. The stock had previously closed at $19.73.

Wall Street Analysts Forecast Growth

MNSO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $20.00 target price on shares of MINISO Group in a research report on Tuesday, May 27th. Jefferies Financial Group upgraded shares of MINISO Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $18.50 to $26.20 in a research report on Friday. Finally, Bank of America upgraded shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research report on Thursday. Two investment analysts have 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.com, MINISO Group currently has a consensus rating of "Buy" and a consensus target price of $24.86.

MINISO Group Price Performance

The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.30 and a beta of 0.16. The business's fifty day moving average price is $18.91 and its 200-day moving average price is $18.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.99 and a quick ratio of 1.54.

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 (EPS) 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 analyst estimates of $4.85 billion. MINISO Group had a net margin of 12.63% and a return on equity of 22.99%. On average, research analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.19 EPS for the current year.

MINISO Group Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a $0.2896 dividend. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 230.0%. MINISO Group's dividend payout ratio is currently 53.27%.

Hedge Funds Weigh In On MINISO Group

Several institutional investors have recently added to or reduced their stakes in the stock. KEYWISE CAPITAL MANAGEMENT HK Ltd grew its position in MINISO Group by 76.6% during the fourth quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock valued at $219,835,000 after buying an additional 3,992,300 shares during the period. Marshall Wace LLP grew its position in MINISO Group by 131.1% during the second quarter. Marshall Wace LLP now owns 1,776,960 shares of the company's stock valued at $32,376,000 after buying an additional 1,008,048 shares during the period. Serenity Capital Management PTE. LTD. grew its position in MINISO Group by 149.8% during the second quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company's stock valued at $21,093,000 after buying an additional 694,212 shares during the period. MY.Alpha Management HK Advisors Ltd grew its position in MINISO Group by 37.5% during the fourth quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company's stock valued at $13,258,000 after buying an additional 151,364 shares during the period. Finally, Nordea Investment Management AB grew its position in MINISO Group by 5.7% during the second quarter. Nordea Investment Management AB now owns 397,322 shares of the company's stock valued at $7,215,000 after buying an additional 21,299 shares during the period. 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.