MINISO Group (NYSE:MNSO) Shares Down 3.2% – Here’s Why

MINISO Group Holding Limited (NYSE:MNSO) fell 3.2% during trading on Tuesday . The stock traded as low as $15.21 and last traded at $15.32. 190,200 shares were traded during trading, a decline of 89% from the average session volume of 1,723,850 shares. The stock had previously closed at $15.82.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of MINISO Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $15.00 to $22.00 in a report on Tuesday, March 25th. Finally, HSBC assumed coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.03.

MINISO Group Price Performance

The business has a fifty day moving average of $20.77 and a two-hundred day moving average of $20.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). The company had revenue of $646.49 million during the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. As a group, research analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

MINISO Group Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group’s dividend payout ratio (DPR) is presently 53.39%.

Hedge Funds Weigh In On MINISO Group

A number of large investors have recently made changes to their positions in the company. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its position in shares of MINISO Group by 76.6% in the fourth quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company’s stock valued at $219,835,000 after acquiring an additional 3,992,300 shares during the period. HCEP Management Ltd bought a new stake in shares of MINISO Group during the 4th quarter valued at approximately $40,613,000. MY.Alpha Management HK Advisors Ltd increased its position in MINISO Group by 37.5% during the 4th quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company’s stock worth $13,258,000 after purchasing an additional 151,364 shares in the last quarter. Candriam S.C.A. bought a new position in MINISO Group in the 4th quarter valued at approximately $9,986,000. Finally, Nordea Investment Management AB lifted its stake in MINISO Group by 14.9% in the 4th quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock valued at $8,020,000 after purchasing an additional 43,151 shares during 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.