MINISO Group (NYSE:MNSO) Stock Price Down 3.8% - Here's What Happened

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s share price was down 3.8% during mid-day trading on Tuesday . The stock traded as low as $17.40 and last traded at $17.59. Approximately 407,848 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 1,719,197 shares. The stock had previously closed at $18.29.

Analyst Ratings Changes

Several equities research analysts recently issued reports 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 target price for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $20.00 price objective on shares of MINISO Group in a report on Tuesday. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised shares of 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. One research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.53.

MINISO Group Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The business's fifty day simple moving average is $17.88 and its 200-day simple moving average is $20.57. The firm has a market capitalization of $5.32 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its earnings results 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). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The business had revenue of $609.87 million during the quarter, compared to analysts' expectations of $4.35 billion. As a group, equities research analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current year.

MINISO Group Announces Dividend

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

Institutional Trading of MINISO Group

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in MINISO Group in the fourth quarter worth $31,000. Brooklyn Investment Group lifted its position in MINISO Group by 579.4% in the first quarter. Brooklyn Investment Group now owns 1,651 shares of the company's stock worth $31,000 after buying an additional 1,408 shares during the last quarter. Barclays PLC bought a new stake in MINISO Group in the fourth quarter worth $36,000. EverSource Wealth Advisors LLC lifted its position in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after buying an additional 734 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in MINISO Group in the first quarter worth $74,000. 17.16% of the stock is currently owned by institutional investors.

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.