MINISO Group (NYSE:MNSO) Shares Gap Down to $20.74

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $20.74, but opened at $19.72. MINISO Group shares last traded at $19.40, with a volume of 342,064 shares.

MINISO Group Trading Down 8.3 %

The company has a 50 day simple moving average of $19.22 and a 200 day simple moving average of $21.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34. The company has a market capitalization of $6.01 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 0.73 and a beta of 0.27.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $541.04 million during the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. Analysts anticipate that MINISO Group Holding Limited will post 1.12 earnings per share for the current year.

MINISO Group Dividend Announcement

The business also recently declared a None dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a $0.29 dividend. The ex-dividend date was Wednesday, March 27th. This represents a dividend yield of 2%. MINISO Group's dividend payout ratio (DPR) is presently 38.24%.

Institutional Investors Weigh In On MINISO Group

A number of large investors have recently made changes to their positions in MNSO. BlackRock Inc. grew its position in shares of MINISO Group by 6,082.2% in the first quarter. BlackRock Inc. now owns 3,901,608 shares of the company's stock valued at $69,215,000 after purchasing an additional 3,838,498 shares in the last quarter. Norges Bank purchased a new stake in shares of MINISO Group in the fourth quarter valued at approximately $31,510,000. State Street Corp lifted its holdings in MINISO Group by 188.4% in the first quarter. State Street Corp now owns 1,772,962 shares of the company's stock valued at $31,452,000 after acquiring an additional 1,158,183 shares during the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its holdings in MINISO Group by 45.1% in the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company's stock valued at $83,507,000 after acquiring an additional 1,002,600 shares during the last quarter. Finally, Axiom Investors LLC DE lifted its holdings in MINISO Group by 111.7% in the fourth quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company's stock valued at $33,582,000 after acquiring an additional 868,599 shares during the last quarter. 17.16% of the stock is currently owned by hedge funds and other 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.