MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) shares saw strong trading volume on Friday following a dividend announcement from the company. 1,823,791 shares changed hands during mid-day trading, an increase of 14% from the previous session's volume of 1,605,891 shares.The stock last traded at $19.06 and had previously closed at $20.79.
The newly announced dividend which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be given a dividend of $0.3268 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, April 8th. MINISO Group's payout ratio is currently 55.08%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on MNSO shares. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $15.00 to $22.00 in a research report on Tuesday. Finally, HSBC started coverage on MINISO Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, MINISO Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.03.
View Our Latest Stock Analysis on MNSO
MINISO Group Price Performance
The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The business's fifty day moving average is $21.64 and its 200 day moving average is $20.52. The company has a market cap of $5.71 billion, a P/E ratio of 16.47, a PEG ratio of 0.80 and a beta of 0.10.
MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The firm had revenue of $646.49 million for the quarter, compared to analysts' expectations of $4.82 billion. As a group, sell-side analysts anticipate that MINISO Group Holding Limited will post 1.19 EPS for the current year.
Institutional Trading of MINISO Group
Several hedge funds and other institutional investors have recently modified their holdings of the business. Vise Technologies Inc. bought a new position in MINISO Group in the 4th quarter worth approximately $366,000. Vident Advisory LLC boosted its holdings in shares of MINISO Group by 34.4% in the fourth quarter. Vident Advisory LLC now owns 21,559 shares of the company's stock worth $515,000 after acquiring an additional 5,523 shares during the period. Two Sigma Advisers LP purchased a new position in shares of MINISO Group in the fourth quarter valued at $237,000. Two Sigma Investments LP bought a new stake in shares of MINISO Group during the 4th quarter valued at $1,514,000. Finally, Tairen Capital Ltd lifted its holdings in MINISO Group by 211.7% during the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company's stock worth $5,212,000 after purchasing an additional 148,170 shares in the last quarter. Institutional investors own 17.16% of the company's stock.
About MINISO Group
(
Get Free Report)
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.
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