MINISO Group (NYSE:MNSO) Shares Gap Down – Here’s Why

MINISO Group Holding Limited (NYSE:MNSO)’s share price gapped down before the market opened on Friday . The stock had previously closed at $18.05, but opened at $17.63. MINISO Group shares last traded at $17.43, with a volume of 141,482 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MNSO shares. Citigroup began coverage on MINISO Group in a research note on Friday, October 4th. They issued a “buy” rating and a $26.80 price objective on the stock. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 price objective (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Finally, Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, MINISO Group has an average rating of “Hold” and a consensus target price of $20.90.

MINISO Group Trading Down 3.5 %

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 cap of $5.50 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.72 and a beta of 0.18. The firm has a 50 day simple moving average of $16.67 and a 200 day simple moving average of $18.97.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data on Friday, August 30th. The company reported $0.26 EPS for the quarter. The company had revenue of $555.26 million during 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%. On average, equities research analysts predict that MINISO Group Holding Limited will post 1.23 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a $0.274 dividend. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio (DPR) is presently 49.06%.

Hedge Funds Weigh In On MINISO Group

Institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its holdings in shares of MINISO Group by 3.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company’s stock worth $378,000 after buying an additional 690 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in MINISO Group by 9.1% in the second quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock valued at $215,000 after acquiring an additional 942 shares during the last quarter. XTX Topco Ltd raised its position in MINISO Group by 10.6% during the second quarter. XTX Topco Ltd now owns 13,861 shares of the company’s stock valued at $264,000 after purchasing an additional 1,326 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MINISO Group in the 2nd quarter worth about $26,000. Finally, Blue Trust Inc. increased its position in shares of MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after purchasing an additional 1,890 shares during the last quarter. 17.16% of the stock is currently owned by institutional investors.

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.