MINISO Group (NYSE:MNSO) Shares Down 3.7% on Disappointing Earnings

Shares of MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) traded down 3.7% during mid-day trading on Monday following a dissappointing earnings announcement. The stock traded as low as $18.20 and last traded at $18.24. 329,762 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 1,610,479 shares. The stock had previously closed at $18.94.

The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.61 by ($2.25). The company had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%.

MINISO Group Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group's dividend payout ratio is 55.08%.

Analyst Ratings Changes

A number of analysts recently commented on MNSO shares. Hsbc Global Res raised MINISO Group to a "strong-buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $15.00 to $22.00 in a research report on Tuesday. Finally, HSBC started coverage on MINISO Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $29.30 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.03.

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Hedge Funds Weigh In On MINISO Group

Several hedge funds have recently made changes to their positions in the stock. Vise Technologies Inc. bought a new stake in shares of MINISO Group during the fourth quarter valued at about $366,000. Vident Advisory LLC grew its position in MINISO Group by 34.4% in the fourth quarter. Vident Advisory LLC now owns 21,559 shares of the company's stock worth $515,000 after acquiring an additional 5,523 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of MINISO Group in the 4th quarter worth about $237,000. Two Sigma Investments LP purchased a new position in shares of MINISO Group during the 4th quarter valued at about $1,514,000. Finally, Tairen Capital Ltd lifted its position in MINISO Group by 211.7% in the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company's stock worth $5,212,000 after buying an additional 148,170 shares during the last quarter. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Stock 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 company has a 50 day simple moving average of $21.49 and a 200-day simple moving average of $20.50. The firm has a market cap of $5.81 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10.

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.