MINISO Group (NYSE:MNSO) Trading Down 2.8%

MINISO Group Holding Limited (NYSE:MNSO) shares dropped 2.8% on Monday . The stock traded as low as $22.79 and last traded at $22.98. Approximately 232,331 shares changed hands during trading, a decline of 86% from the average daily volume of 1,613,317 shares. The stock had previously closed at $23.63.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. assumed coverage on shares of MINISO Group in a report on Tuesday. They issued an “overweight” rating and a $30.00 target price on the stock.

MINISO Group Trading Down 2.9 %

The stock has a 50-day moving average price of $20.20 and a two-hundred day moving average price of $21.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34. The stock has a market capitalization of $7.10 billion, a PE ratio of 22.03, a PEG ratio of 0.96 and a beta of 0.27.

MINISO Group (NYSE:MNSO) last released its earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. The firm had revenue of $541.04 million during the quarter. As a group, equities analysts forecast that MINISO Group Holding Limited will post 1.24 earnings per share for the current year.

MINISO Group Dividend Announcement

The company also recently declared a None dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a dividend of $0.29 per share. This represents a yield of 2%. The ex-dividend date was Wednesday, March 27th. MINISO Group’s payout ratio is presently 38.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in MINISO Group by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 98,737 shares of the company’s stock worth $2,557,000 after purchasing an additional 2,577 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in MINISO Group by 54.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 160,120 shares of the company’s stock valued at $4,147,000 after purchasing an additional 56,151 shares in the last quarter. Matthews International Capital Management LLC acquired a new stake in MINISO Group during the 3rd quarter worth about $14,503,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in MINISO Group by 31.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,200 shares of the company’s stock valued at $5,470,000 after purchasing an additional 50,150 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in shares of MINISO Group in the third quarter valued at about $343,000. 17.16% of the stock is owned by hedge funds and other 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.