MINISO Group (NYSE:MNSO) Sees Large Volume Increase After Dividend Announcement

MINISO Group Holding Limited (NYSE:MNSO) shares saw unusually-strong trading volume on Friday following a dividend announcement from the company. Approximately 1,823,791 shares traded hands during trading, an increase of 14% from the previous session’s volume of 1,605,891 shares.The stock last traded at $19.06 and had previously closed at $20.79.

The newly announced dividend which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be issued a $0.3268 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. MINISO Group’s dividend payout ratio (DPR) is 46.85%.

Wall Street Analysts Forecast Growth

MNSO has been the topic of several analyst reports. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. HSBC assumed coverage on MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MINISO Group has a consensus rating of “Moderate Buy” and an average price target of $23.70.

MINISO Group Stock Performance

The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $21.83 and a 200-day moving average of $20.46. The firm has a market capitalization of $5.91 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). The business had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. On average, equities analysts anticipate that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MINISO Group

Hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of MINISO Group in the 4th quarter worth approximately $31,000. Barclays PLC bought a new stake in shares of MINISO Group in the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC raised its holdings in shares of MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after purchasing an additional 734 shares during the period. FMR LLC grew its stake in MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after buying an additional 2,884 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in MINISO Group in the 4th quarter valued at approximately $163,000. Institutional investors own 17.16% of the company’s stock.

About MINISO Group

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.