Shares of MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $19.15, but opened at $19.66. MINISO Group shares last traded at $19.33, with a volume of 210,426 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on MNSO. JPMorgan Chase & Co. upgraded shares of MINISO Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $15.00 to $22.00 in a report on Tuesday, March 25th. 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 for the company. Finally, Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.03.
Check Out Our Latest Stock Report on MNSO
MINISO Group Stock Performance
The stock's 50-day moving average price is $20.90 and its 200 day moving average price is $20.67. 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 cap of $4.92 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.80 and a beta of 0.18.
MINISO Group (NYSE:MNSO - Get Free Report) last announced 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 return on equity of 26.07% and a net margin of 15.18%. The firm had revenue of $646.49 million during the quarter, compared to the consensus estimate of $4.82 billion. As a group, research analysts expect that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.
MINISO Group Dividend Announcement
The firm also recently announced a -- dividend, which will be paid on Wednesday, April 23rd. Investors 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 Investors Weigh In On MINISO Group
A number of institutional investors have recently bought and sold shares of MNSO. SBI Securities Co. Ltd. acquired a new position in MINISO Group in the fourth quarter valued at about $31,000. Barclays PLC acquired a new position in MINISO Group in the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its holdings in MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock valued at $39,000 after purchasing an additional 734 shares during the period. FMR LLC increased its position in shares of MINISO Group by 230.2% in 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 in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of MINISO Group during the fourth quarter worth about $163,000. Institutional investors and hedge funds own 17.16% of the company's stock.
MINISO Group Company Profile
(
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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