MINISO Group (NYSE:MNSO) Sets New 52-Week Low on Analyst Downgrade

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) reached a new 52-week low on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $12.29 and last traded at $12.3140, with a volume of 451323 shares changing hands. The stock had previously closed at $12.86.

Other equities analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research report on Friday, March 27th. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.73.

Insider Activity

In other news, VP Yunyun (Alice) Yang purchased 1,950,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $3.28 per share, with a total value of $6,396,000.00. Following the completion of the transaction, the vice president directly owned 315,590,482 shares of the company’s stock, valued at approximately $1,035,136,780.96. This trade represents a 0.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Guofu Ye bought 1,950,000 shares of MINISO Group stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $3.28 per share, with a total value of $6,396,000.00. Following the completion of the acquisition, the chief executive officer owned 315,590,482 shares of the company’s stock, valued at $1,035,136,780.96. This represents a 0.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 4,200,000 shares of company stock worth $13,797,000. 73.50% of the stock is owned by insiders.

Institutional Trading of MINISO Group

A number of large investors have recently bought and sold shares of MNSO. Parallel Advisors LLC lifted its position in shares of MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after buying an additional 1,947 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in MINISO Group in the 1st quarter worth about $478,000. XY Capital Ltd bought a new stake in MINISO Group in the 1st quarter valued at about $2,841,000. PNC Financial Services Group Inc. raised its stake in MINISO Group by 34.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock valued at $78,000 after acquiring an additional 1,251 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in MINISO Group by 243.5% during the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock valued at $4,844,000 after purchasing an additional 211,587 shares during the last quarter. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.70 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 1.53 and a beta of 0.08. The business’s 50-day simple moving average is $14.28 and its two-hundred day simple moving average is $17.08.

MINISO Group (NYSE:MNSO) last issued its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). The business had revenue of $825.04 million for the quarter, compared to the consensus estimate of $805.60 million. MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. Sell-side analysts expect that MINISO Group Holding Limited Unsponsored ADR will post 1.12 EPS for the current year.

MINISO Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 4th. Investors of record on Monday, April 20th were issued a dividend of $0.3764 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a yield of 479.0%. MINISO Group’s dividend payout ratio is 77.66%.

MINISO Group Company Profile

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.