MINISO Group (NYSE:MNSO) Sees Unusually-High Trading Volume After Dividend Announcement

MINISO Group Holding Limited (NYSE:MNSO) saw unusually-high trading volume on Friday after the company announced a dividend. Approximately 1,823,791 shares changed hands during mid-day 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. Investors of record on Tuesday, April 8th will be given a dividend of $0.3268 per share. The ex-dividend date of this dividend is Tuesday, April 8th. MINISO Group’s payout ratio is currently 46.85%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. HSBC began coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, MINISO Group has an average rating of “Moderate Buy” and an average price target of $23.70.

MINISO Group Price Performance

The company’s 50 day moving average is $21.83 and its 200 day moving average is $20.46. 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 stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10.

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

Institutional Investors Weigh In On MINISO Group

Several hedge funds and other institutional investors have recently bought and sold shares of MNSO. Citigroup Inc. increased its stake in MINISO Group by 553.7% in the third quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock valued at $6,846,000 after purchasing an additional 330,579 shares during the period. FMR LLC increased its stake in MINISO Group by 230.2% in 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 period. Erste Asset Management GmbH acquired a new position in MINISO Group in the third quarter valued at $685,000. Centiva Capital LP acquired a new position in MINISO Group in the third quarter valued at $255,000. Finally, Quantinno Capital Management LP acquired a new position in MINISO Group in the third quarter valued at $191,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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.