MINISO Group (NYSE:MNSO) Shares Gap Down – Time to Sell?

MINISO Group Holding Limited (NYSE:MNSO)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $18.92, but opened at $17.24. MINISO Group shares last traded at $17.72, with a volume of 967,787 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on MNSO. Jefferies Financial Group reissued a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price objective (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Bank of America lowered MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. Citigroup assumed coverage on 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, Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. One 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 given a strong buy rating to the stock. Based on data from MarketBeat, MINISO Group presently has an average rating of “Hold” and a consensus target price of $20.90.

MINISO Group Trading Up 2.3 %

The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.74 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. The company has a 50-day moving average price of $16.26 and a 200 day moving average price of $19.26.

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

MINISO Group Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were issued a $0.274 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s dividend payout ratio is currently 49.07%.

Institutional Investors Weigh In On MINISO Group

A number of large investors have recently bought and sold shares of the business. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its position in shares of MINISO Group by 37.8% during the 1st quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company’s stock worth $107,081,000 after purchasing an additional 1,433,950 shares during the last quarter. Sylebra Capital LLC acquired a new position in shares of MINISO Group during the first quarter worth approximately $19,119,000. Point72 Hong Kong Ltd boosted its position in shares of MINISO Group by 89.1% in the second quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company’s stock valued at $32,567,000 after acquiring an additional 804,706 shares during the period. Point72 Asset Management L.P. boosted its position in shares of MINISO Group by 138.1% in the second quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company’s stock valued at $21,229,000 after acquiring an additional 645,722 shares during the period. Finally, M&G Plc grew its stake in shares of MINISO Group by 129.0% in the second quarter. M&G Plc now owns 1,137,449 shares of the company’s stock worth $21,612,000 after acquiring an additional 640,718 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.