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

Shares of MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $18.05, but opened at $17.63. MINISO Group shares last traded at $17.43, with a volume of 141,482 shares traded.

Wall Street Analysts Forecast Growth

MNSO has been the subject of a number of recent analyst reports. Bank of America cut shares of MINISO Group from a "buy" rating to an "underperform" rating in a research note on Monday, September 23rd. Dbs Bank raised shares of MINISO Group to a "strong-buy" rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Jefferies Financial Group reaffirmed a "hold" rating on shares of MINISO Group in a research note on Monday, September 23rd. Finally, Citigroup began coverage on MINISO Group in a research report on Friday, October 4th. They issued a "buy" rating and a $26.80 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.90.

MINISO Group Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The company has a market cap of $5.50 billion, a P/E ratio of 16.44, a PEG ratio of 0.72 and a beta of 0.18. The firm's 50-day moving average is $16.62 and its two-hundred day moving average is $19.01.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings results on Friday, August 30th. The company reported $0.26 EPS for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. The business had revenue of $555.26 million during the quarter, compared to analysts' expectations of $557.54 million. Analysts anticipate that MINISO Group Holding Limited will post 1.23 earnings per share for the current year.

MINISO Group Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a dividend of $0.274 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group's dividend payout ratio (DPR) is presently 49.06%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MNSO. DekaBank Deutsche Girozentrale boosted its stake in shares of MINISO Group by 3.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company's stock valued at $378,000 after buying an additional 690 shares during the period. International Assets Investment Management LLC bought a new stake in MINISO Group in the third quarter worth $923,000. Blue Trust Inc. increased its position in shares of MINISO Group by 167.0% during the third quarter. Blue Trust Inc. now owns 5,210 shares of the company's stock valued at $99,000 after buying an additional 3,259 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of MINISO Group by 5.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 379,100 shares of the company's stock worth $7,229,000 after buying an additional 19,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in MINISO Group by 9.1% in the second quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company's stock worth $215,000 after acquiring an additional 942 shares during the period. 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.