MINISO Group (NYSE:MNSO) Shares Gap Up – Time to Buy?

MINISO Group Holding Limited (NYSE:MNSO)’s share price gapped up before the market opened on Friday . The stock had previously closed at $15.16, but opened at $16.24. MINISO Group shares last traded at $16.45, with a volume of 596,942 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Citigroup assumed coverage on shares of MINISO Group in a report on Friday, October 4th. They issued a “buy” rating and a $26.80 price target for the company. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating 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. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set 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 issued 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 has a consensus rating of “Hold” and a consensus price target of $20.90.

MINISO Group Stock Up 8.6 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. The firm has a market capitalization of $5.20 billion, a P/E ratio of 15.53, a PEG ratio of 0.74 and a beta of 0.18. The business’s fifty day moving average price is $16.45 and its two-hundred day moving average price is $19.10.

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

MINISO Group Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid 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 (DPR) is presently 49.06%.

Institutional Trading of MINISO Group

A number of institutional investors have recently bought and sold shares of MNSO. Deltec Asset Management LLC purchased a new stake in MINISO Group during the 1st quarter valued at about $587,000. Principal Financial Group Inc. purchased a new position in MINISO Group during the 1st quarter worth approximately $7,462,000. Fortis Group Advisors LLC acquired a new stake in MINISO Group during the 1st quarter valued at approximately $249,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of MINISO Group by 33.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,668 shares of the company’s stock valued at $1,838,000 after acquiring an additional 22,643 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of MINISO Group by 5.6% in the first quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after acquiring an additional 2,301 shares during the period. 17.16% of the stock is currently owned by institutional investors and hedge funds.

About MINISO Group

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.