MINISO Group (NYSE:MNSO) Stock Price Down 9.6% – Should You Sell?

MINISO Group Holding Limited (NYSE:MNSO)’s share price fell 9.6% on Tuesday . The stock traded as low as $18.03 and last traded at $18.45. 715,197 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 1,815,663 shares. The stock had previously closed at $20.42.

Wall Street Analyst Weigh In

A number of research firms have commented on MNSO. Bank of America downgraded MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Citigroup started coverage on shares of MINISO Group in a report on Friday. They issued a “buy” rating and a $26.80 price objective on the stock. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 target price (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.90.

MINISO Group Stock Down 6.3 %

The business’s fifty day moving average is $16.12 and its two-hundred day moving average is $19.29. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 0.56 and a beta of 0.18. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.26 EPS for the quarter. The business had revenue of $555.26 million during the quarter, compared to the consensus estimate of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. Equities analysts forecast that MINISO Group Holding Limited will post 1.23 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a $0.274 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 13th. MINISO Group’s dividend payout ratio is currently 49.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MINISO Group during the 2nd quarter worth $26,000. Blue Trust Inc. increased its holdings in shares of MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after acquiring an additional 1,890 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of MINISO Group in the 1st quarter valued at about $93,000. Banque Cantonale Vaudoise acquired a new stake in shares of MINISO Group during the 2nd quarter worth about $118,000. Finally, Bayesian Capital Management LP purchased a new stake in MINISO Group during the first 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.