MINISO Group (NYSE:MNSO) Shares Gap Up to $19.02

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $19.02, but opened at $20.09. MINISO Group shares last traded at $20.42, with a volume of 1,880,590 shares.

MINISO Group Stock Up 8.1 %

The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 0.71 and a beta of 0.27. 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 business's 50 day moving average is $19.22 and its 200-day moving average is $21.51.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share 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%. Equities analysts anticipate that MINISO Group Holding Limited will post 1.12 EPS for the current fiscal year.

MINISO Group Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MNSO. BlackRock Inc. lifted its position in MINISO Group by 3.3% in the second quarter. BlackRock Inc. now owns 4,029,145 shares of the company's stock worth $68,455,000 after purchasing an additional 127,537 shares during the period. Acadian Asset Management LLC increased its stake in MINISO Group by 8.1% in the third quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company's stock valued at $91,456,000 after acquiring an additional 265,483 shares during the period. Vanguard Group Inc. raised its position in MINISO Group by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company's stock worth $90,393,000 after purchasing an additional 49,492 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its stake in MINISO Group by 45.1% during the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company's stock worth $83,507,000 after purchasing an additional 1,002,600 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its holdings in MINISO Group by 34.1% during the first quarter. Ontario Teachers Pension Plan Board now owns 2,950,000 shares of the company's stock valued at $23,010,000 after purchasing an additional 750,000 shares in the last quarter. Institutional investors own 17.16% of the company's stock.

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.