MINISO Group (NYSE:MNSO) Shares Gap Up - Should You Buy?

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $15.16, but opened at $16.24. MINISO Group shares last traded at $16.45, with a volume of 596,942 shares traded.

Analyst Upgrades and Downgrades

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

MINISO Group Price Performance

The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. The company's 50 day moving average is $16.45 and its 200 day moving average is $19.11. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.74 and a beta of 0.18.

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

MINISO Group Dividend Announcement

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

Institutional Trading of MINISO Group

A number of hedge funds and other institutional investors have recently modified their holdings of MNSO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MINISO Group during the second quarter worth about $26,000. Blue Trust Inc. increased its position in MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company's stock valued at $40,000 after acquiring an additional 1,890 shares during the period. Headlands Technologies LLC bought a new position in shares of MINISO Group during the first quarter valued at $93,000. Banque Cantonale Vaudoise acquired a new position in shares of MINISO Group during the second quarter worth $118,000. Finally, Bayesian Capital Management LP bought a new stake in shares of MINISO Group in the first quarter worth $201,000. Institutional investors 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.