MINISO Group (NYSE:MNSO) Trading Down 5.1% – Time to Sell?

MINISO Group Holding Limited (NYSE:MNSO) dropped 5.1% during mid-day trading on Thursday . The stock traded as low as $17.04 and last traded at $17.05. Approximately 154,216 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,858,540 shares. The stock had previously closed at $17.96.

Analysts Set New Price Targets

MNSO has been the subject of several research reports. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group reissued a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Citigroup assumed coverage on shares of MINISO Group in a research report on Friday, October 4th. They issued a “buy” rating and a $26.80 price target for the company. 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 research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.90.

MINISO Group Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The firm has a market cap of $5.29 billion, a PE ratio of 16.64, a P/E/G ratio of 0.73 and a beta of 0.15. The business’s fifty day moving average is $17.49 and its 200-day moving average is $18.78.

MINISO Group (NYSE:MNSO) last issued its earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The firm had revenue of $555.26 million during the quarter, compared to analyst estimates of $557.54 million. On average, research analysts predict 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 announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a $0.274 dividend. This represents a yield of 1.6%. The ex-dividend date was Friday, September 13th. MINISO Group’s payout ratio is presently 49.07%.

Institutional Investors Weigh In On MINISO Group

Institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MINISO Group during the 2nd quarter valued at $26,000. Blue Trust Inc. grew its stake 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 acquiring an additional 1,890 shares during the period. FMR LLC grew its stake in shares of MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after acquiring an additional 2,884 shares during the period. Venturi Wealth Management LLC bought a new position in shares of MINISO Group during the 3rd quarter valued at approximately $78,000. Finally, Headlands Technologies LLC bought a new position in shares of MINISO Group during the 1st quarter valued at approximately $93,000. 17.16% of the stock is owned by hedge funds and other 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.