MINISO Group Sees Unusually High Options Volume (NYSE:MNSO)

MINISO Group Holding Limited (NYSE:MNSO) was the recipient of some unusual options trading activity on Monday. Traders acquired 5,522 call options on the stock. This represents an increase of approximately 1,085% compared to the average daily volume of 466 call options.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America downgraded MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research report on Monday.

Institutional Trading of MINISO Group

A number of large investors have recently bought and sold shares of MNSO. Norges Bank acquired a new stake in shares of MINISO Group during the fourth quarter worth $31,510,000. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its stake in shares of MINISO Group by 37.8% in the 1st quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company’s stock valued at $107,081,000 after purchasing an additional 1,433,950 shares during the period. Sylebra Capital LLC bought a new stake in shares of MINISO Group in the first quarter valued at about $19,119,000. Axiom Investors LLC DE boosted its position in shares of MINISO Group by 111.7% during the fourth quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock worth $33,582,000 after buying an additional 868,599 shares during the period. Finally, Point72 Hong Kong Ltd grew its holdings in shares of MINISO Group by 89.1% during the second quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company’s stock worth $32,567,000 after buying an additional 804,706 shares in the last quarter. 17.16% of the stock is owned by institutional investors.

MINISO Group Stock Performance

Shares of MNSO stock opened at $13.38 on Wednesday. The stock has a market cap of $4.23 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.68 and a beta of 0.17. The stock has a 50-day moving average of $16.07 and a 200-day moving average of $19.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. MINISO Group has a one year low of $12.51 and a one year high of $28.28.

MINISO Group (NYSE:MNSO) last issued its earnings results on Friday, August 30th. The company reported $0.26 EPS for the quarter. The firm 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%. As a group, sell-side analysts expect that MINISO Group will post 1.22 earnings per share for the current year.

MINISO Group Dividend Announcement

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

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.