Shares of MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $19.52, but opened at $18.75. MINISO Group shares last traded at $18.50, with a volume of 186,765 shares trading hands.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. HSBC started coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price target on the stock. JPMorgan Chase & Co. upgraded MINISO Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $15.00 to $22.00 in a research note on Tuesday, March 25th. Finally, Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, MINISO Group presently has a consensus rating of "Moderate Buy" and an average price target of $26.03.
View Our Latest Analysis on MNSO
MINISO Group Stock Up 2.5 %
The firm's 50 day simple moving average is $21.29 and its 200 day simple moving average is $20.59. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.
MINISO Group (NYSE:MNSO - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The business had revenue of $646.49 million during the quarter, compared to analyst estimates of $4.82 billion. Sell-side analysts anticipate that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.
MINISO Group Announces Dividend
The business also recently announced a -- dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's payout ratio is 53.39%.
Institutional Trading of MINISO Group
Institutional investors have recently made changes to their positions in the stock. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its position in MINISO Group by 76.6% in the fourth quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock worth $219,835,000 after purchasing an additional 3,992,300 shares during the period. HCEP Management Ltd bought a new stake in shares of MINISO Group in the 4th quarter worth $40,613,000. Candriam S.C.A. acquired a new stake in shares of MINISO Group in the fourth quarter valued at $9,986,000. BNP Paribas Financial Markets bought a new position in MINISO Group during the fourth quarter valued at about $3,780,000. Finally, MY.Alpha Management HK Advisors Ltd grew its holdings in MINISO Group by 37.5% during the fourth quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company's stock worth $13,258,000 after acquiring an additional 151,364 shares during the period. 17.16% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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