MINISO Group (NYSE:MNSO) Shares Gap Up – What’s Next?

MINISO Group Holding Limited (NYSE:MNSO)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $16.90, but opened at $17.30. MINISO Group shares last traded at $17.31, with a volume of 68,811 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MNSO shares. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. 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 issued a $15.00 price target (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. Finally, Citigroup initiated coverage on shares of MINISO Group in a research note on Friday, October 4th. They set a “buy” rating and a $26.80 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.90.

MINISO Group Stock Performance

The firm’s 50 day moving average is $17.79 and its two-hundred day moving average is $18.32. The stock has a market capitalization of $5.81 billion, a PE ratio of 17.11, a P/E/G ratio of 0.69 and a beta of 0.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38.

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

MINISO Group Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a dividend of $0.274 per share. This represents a yield of 1.6%. The ex-dividend date was Friday, September 13th. MINISO Group’s dividend payout ratio (DPR) is presently 48.15%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its holdings in MINISO Group by 3.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company’s stock worth $378,000 after acquiring an additional 690 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in MINISO Group by 9.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock worth $215,000 after acquiring an additional 942 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of MINISO Group by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 66,540 shares of the company’s stock valued at $1,167,000 after buying an additional 1,027 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of MINISO Group by 10.6% in the 2nd quarter. XTX Topco Ltd now owns 13,861 shares of the company’s stock valued at $264,000 after buying an additional 1,326 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MINISO Group in the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

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.