MINISO Group (NYSE:MNSO) Trading Down 2.8% - Should You Sell?

Key Points

• MINISO Group shares saw a decline of 2.8% during trading, dropping from a previous close of $21.88 to $21.27.
• Analysts have recently upgraded MINISO Group’s stock ratings, with a notable increase in the target price from $18.50 to $26.20 by Jefferies Financial Group.
• The company reported earnings of $0.22 EPS, missing the consensus estimate significantly, which was $1.74.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) shares were down 2.8% during trading on Tuesday . The stock traded as low as $21.09 and last traded at $21.27. Approximately 1,354,479 shares were traded during trading, an increase of 64% from the average daily volume of 826,111 shares. The stock had previously closed at $21.88.

Analysts Set New Price Targets

Several research analysts have commented on MNSO shares. Jefferies Financial Group raised MINISO Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $18.50 to $26.20 in a report on Friday, August 22nd. Weiss Ratings reissued a "buy (b-)" rating on shares of MINISO Group in a research note on Saturday, September 27th. Bank of America raised MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, August 21st. Finally, Dbs Bank raised MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, MINISO Group has an average rating of "Moderate Buy" and an average price target of $24.38.

MINISO Group Trading Down 2.8%

The company has a market capitalization of $6.61 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 1.40 and a beta of 0.16. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.92 and a quick ratio of 1.50. The firm has a fifty day moving average price of $22.75 and a 200-day moving average price of $19.63.

MINISO Group (NYSE:MNSO - Get Free Report) last released its earnings results on Thursday, August 21st. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($1.52). The business had revenue of $692.93 million during the quarter, compared to the consensus estimate of $4.85 billion. MINISO Group had a net margin of 12.63% and a return on equity of 22.60%. On average, equities research analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.19 earnings per share for the current year.

MINISO Group Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a dividend of $0.2896 per share. This represents a yield of 236.0%. The ex-dividend date of this dividend was Friday, September 5th. MINISO Group's dividend payout ratio is 52.34%.

Hedge Funds Weigh In On MINISO Group

Several institutional investors and hedge funds have recently bought and sold shares of MNSO. Marshall Wace LLP grew its holdings 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 purchasing an additional 1,008,048 shares during the period. Serenity Capital Management PTE. LTD. grew its holdings 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 purchasing an additional 694,212 shares during the period. Balyasny Asset Management L.P. bought a new position in MINISO Group during the second quarter valued at $3,803,000. Linden Advisors LP bought a new position in MINISO Group during the first quarter valued at $1,566,000. Finally, OLD Mission Capital LLC bought a new position in MINISO Group during the first quarter valued at $952,000. 17.16% of the stock is owned by institutional investors.

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.

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