MINISO Group (NYSE:MNSO) Shares Down 3.7% After Earnings Miss

MINISO Group Holding Limited (NYSE:MNSO) shares dropped 3.7% on Monday following a dissappointing earnings announcement. The stock traded as low as $18.20 and last traded at $18.24. Approximately 329,762 shares changed hands during trading, a decline of 80% from the average daily volume of 1,610,479 shares. The stock had previously closed at $18.94.

The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.

MINISO Group Dividend Announcement

The company also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be given a $0.3268 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group’s payout ratio is 55.08%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MNSO. HSBC initiated coverage on MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target for the company. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued 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, the company has an average rating of “Moderate Buy” and an average price target of $23.70.

Hedge Funds Weigh In On MINISO Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MNSO. Citigroup Inc. raised 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 in the last quarter. FMR LLC increased its holdings 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 during the period. Erste Asset Management GmbH acquired a new position in shares of MINISO Group in the 3rd quarter valued at approximately $685,000. Centiva Capital LP bought a new stake in shares of MINISO Group during the 3rd quarter worth approximately $255,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of MINISO Group during the 3rd quarter worth approximately $191,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Price Performance

The firm has a market capitalization of $5.74 billion, a P/E ratio of 16.55, a PEG ratio of 0.80 and a beta of 0.10. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $21.74 and its 200-day moving average is $20.50.

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.