MINISO Group (NYSE:MNSO) Trading 8.2% Higher

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s share price was up 8.2% on Thursday . The stock traded as high as $24.06 and last traded at $24.02. Approximately 526,805 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 1,581,966 shares. The stock had previously closed at $22.20.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. initiated coverage on MINISO Group in a research report on Tuesday. They set an "overweight" rating and a $30.00 price target on the stock.

MINISO Group Stock Up 9.0 %

The stock has a fifty day moving average of $20.27 and a 200-day moving average of $21.28. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 0.93 and a beta of 0.22. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 0.09.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 EPS for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. The firm had revenue of $541.04 million for the quarter. As a group, sell-side analysts expect that MINISO Group Holding Limited will post 1.24 EPS for the current year.

MINISO Group Announces Dividend

The company 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 dividend yield of 2%. The ex-dividend date was Wednesday, March 27th. MINISO Group's dividend payout ratio is currently 38.24%.

Institutional Trading of MINISO Group

Several hedge funds and other institutional investors have recently bought and sold shares of MNSO. Nordea Investment Management AB lifted its stake in MINISO Group by 10.1% during the first quarter. Nordea Investment Management AB now owns 255,368 shares of the company's stock worth $5,240,000 after purchasing an additional 23,328 shares during the period. Capstone Investment Advisors LLC boosted its stake in MINISO Group by 139.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 46,056 shares of the company's stock valued at $944,000 after buying an additional 26,793 shares in the last quarter. Janney Montgomery Scott LLC grew its position in MINISO Group by 5.6% in the first quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company's stock valued at $887,000 after acquiring an additional 2,301 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in MINISO Group by 33.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,668 shares of the company's stock valued at $1,838,000 after acquiring an additional 22,643 shares during the period. Finally, Fortis Group Advisors LLC acquired a new position in MINISO Group during the first quarter worth $249,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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.