MINISO Group (NYSE:MNSO) Hits New 52-Week Low – Time to Sell?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) hit a new 52-week low on Monday . The company traded as low as $11.56 and last traded at $11.6450, with a volume of 63637 shares changing hands. The stock had previously closed at $11.94.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MNSO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Wall Street Zen upgraded MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. JPMorgan Chase & Co. dropped their price target on MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Zacks Research lowered MINISO Group from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MINISO Group presently has a consensus rating of “Hold” and a consensus price target of $21.73.

MINISO Group Stock Down 1.8%

The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.14 and a current ratio of 1.53. The company has a market cap of $3.63 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.48 and a beta of 0.08. The stock has a 50 day moving average price of $14.10 and a 200 day moving average price of $16.97.

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

MINISO Group Dividend Announcement

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

Insider Buying and Selling

In other MINISO Group news, VP Yunyun (Alice) Yang bought 150,000 shares of MINISO Group stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $3.35 per share, for a total transaction of $502,500.00. Following the completion of the acquisition, the vice president owned 315,740,482 shares of the company’s stock, valued at approximately $1,057,730,614.70. This represents a 0.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Guofu Ye purchased 150,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was acquired at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the transaction, the chief executive officer owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. The trade was a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 4,200,000 shares of company stock worth $13,797,000 over the last quarter. Insiders own 73.50% of the company’s stock.

Hedge Funds Weigh In On MINISO Group

A number of hedge funds have recently modified their holdings of MNSO. Ameriprise Financial Inc. lifted its stake in shares of MINISO Group by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock valued at $344,000 after buying an additional 498 shares during the period. PNC Financial Services Group Inc. increased its stake in MINISO Group by 28.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after acquiring an additional 547 shares during the period. American Century Companies Inc. increased its stake in MINISO Group by 0.4% during the second quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock valued at $2,427,000 after acquiring an additional 595 shares during the period. EverSource Wealth Advisors LLC raised its holdings in MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after acquiring an additional 608 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in MINISO Group by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock valued at $804,000 after acquiring an additional 609 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

About MINISO Group

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.