MINISO Group Holding Limited (NYSE:MNSO) Plans $0.33 — Dividend

MINISO Group Holding Limited (NYSE:MNSO) announced a — dividend on Friday, March 21st, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 8th will be paid a dividend of 0.3268 per share on Wednesday, April 23rd. This represents a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, April 8th.

MINISO Group has increased its dividend by an average of 20.7% annually over the last three years. MINISO Group has a payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MINISO Group to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 44.2%.

MINISO Group Trading Down 6.8 %

Shares of MNSO stock opened at $16.85 on Friday. MINISO Group has a 1-year low of $12.51 and a 1-year high of $27.71. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 0.80 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The stock has a 50 day simple moving average of $20.90 and a 200-day simple moving average of $20.64.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The company had revenue of $646.49 million for the quarter, compared to analyst estimates of $4.82 billion. On average, equities research analysts expect that MINISO Group will post 1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MNSO shares. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised MINISO Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. Finally, HSBC began coverage on MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, MINISO Group has an average rating of “Moderate Buy” and an average price target of $26.03.

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.