MINISO Group (NYSE:MNSO) Shares Gap Down to $25.35

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $25.35, but opened at $22.72. MINISO Group shares last traded at $23.32, with a volume of 595,814 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. assumed coverage on shares of MINISO Group in a research note on Tuesday, April 30th. They issued an "overweight" rating and a $30.00 price objective for the company.

MINISO Group Trading Down 4.7 %

The firm has a market cap of $7.63 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.03 and a beta of 0.23. The company's 50 day simple moving average is $21.21 and its 200-day simple moving average is $21.17. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its earnings results on Tuesday, March 12th. The company reported $0.29 EPS for the quarter. The business had revenue of $541.04 million for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. As a group, research analysts predict that MINISO Group Holding Limited will post 1.24 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.29 per share. This represents a yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group's payout ratio is 38.24%.

Hedge Funds Weigh In On MINISO Group

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in MINISO Group by 95.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company's stock valued at $26,000 after buying an additional 492 shares during the period. California Public Employees Retirement System increased its holdings in MINISO Group by 0.6% during the third quarter. California Public Employees Retirement System now owns 161,434 shares of the company's stock valued at $4,181,000 after buying an additional 956 shares during the period. Avalon Trust Co purchased a new position in MINISO Group in the fourth quarter worth $26,000. Janney Montgomery Scott LLC grew its holdings in MINISO Group by 5.6% in the first quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company's stock worth $887,000 after purchasing an additional 2,301 shares during the last quarter. Finally, Prudential PLC grew its holdings in MINISO Group by 12.9% in the third quarter. Prudential PLC now owns 22,097 shares of the company's stock worth $572,000 after purchasing an additional 2,526 shares during the last quarter. 17.16% of the stock is owned by hedge funds and other 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.