MINISO Group (NYSE:MNSO) Sees Large Volume Increase

MINISO Group Holding Limited (NYSE:MNSO) saw strong trading volume on Tuesday . 1,139,714 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 1,533,614 shares.The stock last traded at $12.95 and had previously closed at $13.72.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America lowered MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday. JPMorgan Chase & Co. decreased their target price on MINISO Group from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a report on Monday.

MINISO Group Price Performance

The company has a market capitalization of $4.06 billion, a PE ratio of 11.97, a P/E/G ratio of 0.68 and a beta of 0.17. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $16.07 and a 200-day simple moving average of $19.44.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. The company had revenue of $555.26 million during the quarter, compared to the consensus estimate of $557.54 million. Equities analysts anticipate that MINISO Group Holding Limited will post 1.22 earnings per share for the current year.

MINISO Group Dividend Announcement

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be issued a $0.274 dividend. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, September 13th. MINISO Group’s payout ratio is currently 49.06%.

Hedge Funds Weigh In On MINISO Group

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in MINISO Group in the 2nd quarter valued at about $26,000. Blue Trust Inc. increased its position in MINISO Group by 3,098.4% during 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 period. Headlands Technologies LLC acquired a new position in MINISO Group during the 1st quarter worth approximately $93,000. Banque Cantonale Vaudoise acquired a new position in MINISO Group during the 2nd quarter worth approximately $118,000. Finally, Bayesian Capital Management LP acquired a new position in MINISO Group during the 1st quarter worth approximately $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.