MINISO Group (NYSE:MNSO) Shares Gap Down – Here’s What Happened

Shares of MINISO Group Holding Limited (NYSE:MNSO) gapped down before the market opened on Friday . The stock had previously closed at $19.52, but opened at $18.75. MINISO Group shares last traded at $18.50, with a volume of 186,765 shares traded.

Wall Street Analysts Forecast Growth

MNSO has been the subject of several recent research reports. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of MINISO Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, HSBC assumed coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.03.

MINISO Group Trading Down 4.6 %

The stock has a market cap of $5.82 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The firm has a 50-day moving average price of $21.39 and a 200-day moving average price of $20.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14.

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

MINISO Group Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be issued a $0.3268 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, April 8th. MINISO Group’s payout ratio is 53.39%.

Institutional Inflows and Outflows

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

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.