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

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) was down 3.8% during mid-day trading on Tuesday . The company 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.

Wall Street Analyst Weigh In

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

MINISO Group Stock Performance

The stock has a market cap of $5.53 billion, a P/E ratio of 15.92, a PEG ratio of 0.80 and a beta of 0.18. The company has a fifty day moving average of $17.92 and a 200 day moving average of $20.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its earnings results on Friday, May 23rd. The company reported $0.19 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 firm had revenue of $609.87 million for the quarter, compared to the consensus estimate of $4.35 billion. On average, equities analysts predict that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently announced a -- dividend, which was paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th were issued 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 56.76%.

Institutional Investors Weigh In On MINISO Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MNSO. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its holdings 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 worth $219,835,000 after purchasing an additional 3,992,300 shares in the last quarter. HCEP Management Ltd acquired a new position in MINISO Group in the fourth quarter worth approximately $40,613,000. Serenity Capital Management PTE. LTD. acquired a new position in MINISO Group in the first quarter worth approximately $8,569,000. Candriam S.C.A. acquired a new position in MINISO Group in the fourth quarter worth approximately $9,986,000. Finally, BNP Paribas Financial Markets acquired a new position in MINISO Group in the fourth quarter worth approximately $3,780,000. Institutional investors own 17.16% of the company's stock.

MINISO Group Company Profile

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.