MINISO Group Holding Limited (NYSE:MNSO) Plans -- Dividend of $0.33

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) announced a -- dividend on Friday, March 21st, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.3268 per share on Wednesday, April 23rd. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, April 8th.

MINISO Group has increased its dividend payment by an average of 20.7% annually over the last three years. MINISO Group has a dividend payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MINISO Group to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 37.4%.

MINISO Group Stock Up 2.7 %

MINISO Group stock traded up $0.50 during midday trading on Wednesday, hitting $18.74. 1,247,254 shares of the stock were exchanged, compared to its average volume of 1,616,654. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. MINISO Group has a 52-week low of $12.51 and a 52-week high of $27.71. The business's 50-day moving average price is $21.64 and its 200-day moving average price is $20.52.

MINISO Group (NYSE:MNSO - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $2.61 by ($2.25). The business had revenue of $646.49 million during the quarter, compared to analysts' expectations of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, research analysts expect that MINISO Group will post 1.19 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MNSO shares. HSBC initiated coverage on MINISO Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price for the company. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $15.00 to $22.00 in a research note on Tuesday. Finally, Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, MINISO Group has an average rating of "Moderate Buy" and a consensus price target of $26.03.

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.