MINISO Group (NYSE:MNSO) Shares Down 6.7% - Time to Sell?

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report)'s share price traded down 6.7% on Thursday . The company traded as low as $15.28 and last traded at $15.37. 292,987 shares changed hands during trading, a decline of 84% from the average session volume of 1,837,665 shares. The stock had previously closed at $16.47.

Analyst Ratings Changes

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

MINISO Group Trading Down 8.0 %

The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.74 and a beta of 0.18. The business's 50 day moving average price is $16.43 and its 200-day moving average price is $19.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38.

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

MINISO Group Announces Dividend

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

Institutional Investors Weigh In On MINISO Group

Several institutional investors and hedge funds have recently bought and sold shares of MNSO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MINISO Group during the second quarter worth about $26,000. Blue Trust Inc. grew 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 worth $40,000 after purchasing an additional 1,890 shares during the last quarter. Headlands Technologies LLC bought a new position in MINISO Group in the 1st quarter worth about $93,000. Banque Cantonale Vaudoise bought a new position in MINISO Group in the 2nd quarter worth about $118,000. Finally, Bayesian Capital Management LP bought a new position in MINISO Group in the 1st quarter worth about $201,000. 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.