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

MINISO Group Holding Limited (NYSE:MNSO) shares gapped up prior to trading on Friday . The stock had previously closed at $15.16, but opened at $16.24. MINISO Group shares last traded at $16.45, with a volume of 596,942 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on MNSO. Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Citigroup started coverage on MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 target price on the stock. Dbs Bank raised MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. Bank of America lowered MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. Finally, 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 report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, MINISO Group has a consensus rating of “Hold” and a consensus price target of $20.90.

MINISO Group Stock Up 8.6 %

The firm has a market cap of $5.20 billion, a PE ratio of 15.53, a PEG ratio of 0.74 and a beta of 0.18. The business’s 50 day moving average price is $16.45 and its 200 day moving average price is $19.10. 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 (NYSE:MNSO) last posted 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 return on equity of 26.41% and a net margin of 15.72%. On average, equities research analysts expect that MINISO Group Holding Limited will post 1.23 earnings per share for the current year.

MINISO Group Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a $0.274 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s payout ratio is currently 49.06%.

Hedge Funds Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Deltec Asset Management LLC purchased a new position in MINISO Group in the 1st quarter worth approximately $587,000. Principal Financial Group Inc. acquired a new stake in shares of MINISO Group in the first quarter valued at approximately $7,462,000. Fortis Group Advisors LLC acquired a new position in MINISO Group during the first quarter worth $249,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in MINISO Group by 33.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,668 shares of the company’s stock valued at $1,838,000 after buying an additional 22,643 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of MINISO Group by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after acquiring an additional 2,301 shares during the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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.