MINISO Group (NYSE:MNSO) Shares Down 3.2% - Here's What Happened

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s stock price was down 3.2% during mid-day trading on Tuesday . The company traded as low as $15.21 and last traded at $15.32. Approximately 190,200 shares traded hands during trading, a decline of 89% from the average daily volume of 1,723,850 shares. The stock had previously closed at $15.82.

Wall Street Analyst Weigh In

MNSO has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $15.00 to $22.00 in a report on Tuesday, March 25th. Hsbc Global Res upgraded shares of MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, HSBC initiated coverage on shares of MINISO Group in a report on Wednesday, February 26th. They set a "buy" rating and a $29.30 target price on the stock. One equities research 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.03.

MINISO Group Trading Up 2.7 %

The stock's 50 day simple moving average is $19.81 and its 200 day simple moving average is $20.62. 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 cap of $4.94 billion, a PE ratio of 14.25, a PEG ratio of 0.80 and a beta of 0.18.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.61 by ($2.25). The firm 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, sell-side analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be paid a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group's dividend payout ratio (DPR) is 53.39%.

Institutional Investors Weigh In On MINISO Group

A number of hedge funds and other institutional investors have recently modified their holdings of MNSO. SBI Securities Co. Ltd. bought a new stake in MINISO Group in the fourth quarter valued at approximately $31,000. Barclays PLC purchased a new position in shares of MINISO Group in the fourth quarter worth $36,000. EverSource Wealth Advisors LLC raised its holdings in MINISO Group by 83.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after buying an additional 734 shares during the last quarter. FMR LLC boosted its position in MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company's stock valued at $73,000 after buying an additional 2,884 shares during the period. Finally, SG Americas Securities LLC bought a new stake in MINISO Group in the 4th quarter worth $163,000. Institutional investors own 17.16% of the company's stock.

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.