MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) shares shot up 3.1% during trading on Wednesday . The company traded as high as $19.21 and last traded at $18.81. 869,762 shares changed hands during trading, a decline of 46% from the average session volume of 1,613,546 shares. The stock had previously closed at $18.24.
Analysts Set New Price Targets
Several equities research analysts have issued reports on MNSO shares. HSBC initiated coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective for the company. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded MINISO Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $15.00 to $22.00 in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, MINISO Group has a consensus rating of "Moderate Buy" and a consensus target price of $26.03.
Read Our Latest Stock Analysis on MNSO
MINISO Group Price Performance
The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The business's 50-day moving average price is $21.39 and its two-hundred day moving average price is $20.54. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 0.80 and a beta of 0.10.
MINISO Group (NYSE:MNSO - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.36 earnings per share 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 company had revenue of $646.49 million during the quarter, compared to the consensus estimate of $4.82 billion. On average, research analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current fiscal year.
MINISO Group Dividend Announcement
The company also recently announced a -- dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 dividend yield of 1.4%. MINISO Group's payout ratio is 53.39%.
Institutional Investors Weigh In On MINISO Group
Several institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of MINISO Group during the fourth quarter worth $31,000. Barclays PLC acquired a new stake in MINISO Group during the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC raised its stake in MINISO Group by 83.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company's stock worth $39,000 after acquiring an additional 734 shares during the period. FMR LLC boosted its stake in MINISO Group by 230.2% in the third quarter. FMR LLC now owns 4,137 shares of the company's stock valued at $73,000 after acquiring an additional 2,884 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of MINISO Group during the fourth quarter valued at approximately $163,000. 17.16% of the stock is owned by institutional investors and hedge funds.
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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