MINISO Group (NYSE:MNSO) Shares Gap Down – What’s Next?

MINISO Group Holding Limited (NYSE:MNSO)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $19.05, but opened at $18.05. MINISO Group shares last traded at $17.91, with a volume of 409,112 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. Citigroup started coverage on shares of MINISO Group in a research note on Friday, October 4th. They issued a “buy” rating and a $26.80 price target for the company. Finally, Bank of America downgraded MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.90.

MINISO Group Stock Performance

The company has a market cap of $5.68 billion, a P/E ratio of 16.64, a PEG ratio of 0.73 and a beta of 0.15. The stock’s 50-day moving average price is $17.49 and its 200-day moving average price is $18.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93.

MINISO Group (NYSE:MNSO) last released its earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $555.26 million for the quarter, compared to analyst estimates of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. Equities analysts anticipate that MINISO Group Holding Limited will post 1.23 EPS for the current year.

MINISO Group Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a $0.274 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio (DPR) is currently 49.07%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in MINISO Group in the 2nd quarter valued at approximately $26,000. Blue Trust Inc. increased its position in MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after purchasing an additional 1,890 shares during the period. FMR LLC boosted its stake in shares of MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after purchasing an additional 2,884 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of MINISO Group during the third quarter worth $78,000. Finally, Headlands Technologies LLC bought a new position in MINISO Group during the first quarter worth $93,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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.