MINISO Group (NYSE:MNSO) Shares Gap Down - Here's Why

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $16.58, but opened at $15.63. MINISO Group shares last traded at $15.52, with a volume of 351,459 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. upgraded 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, March 25th. HSBC began coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective for the company. Finally, Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, MINISO Group currently has an average rating of "Moderate Buy" and an average target price of $26.03.

MINISO Group Trading Up 0.1 %

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 company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.80 and a beta of 0.18. The company has a 50-day moving average price of $19.13 and a 200-day moving average price of $20.56.

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 the consensus estimate of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The business had revenue of $646.49 million during the quarter, compared to the consensus estimate of $4.82 billion. Research analysts predict that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be given a $0.3268 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's dividend payout ratio is 53.39%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MNSO. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its stake in MINISO Group by 76.6% during the fourth quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock valued at $219,835,000 after acquiring an additional 3,992,300 shares during the period. HCEP Management Ltd acquired a new position in shares of MINISO Group in the fourth quarter valued at $40,613,000. Candriam S.C.A. bought a new position in MINISO Group in the fourth quarter worth $9,986,000. BNP Paribas Financial Markets acquired a new stake in MINISO Group during the fourth quarter worth $3,780,000. Finally, MY.Alpha Management HK Advisors Ltd raised its stake in shares of MINISO Group by 37.5% in the 4th quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company's stock valued at $13,258,000 after buying an additional 151,364 shares in the last quarter. Institutional investors and hedge funds 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.