MINISO Group (NYSE:MNSO) Shares Up 8.2%

MINISO Group Holding Limited (NYSE:MNSO)’s stock price shot up 8.2% on Thursday . The company traded as high as $24.06 and last traded at $24.02. 526,805 shares traded hands during trading, a decline of 67% from the average session volume of 1,581,966 shares. The stock had previously closed at $22.20.

Analyst Upgrades and Downgrades

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

MINISO Group Stock Performance

The company has a market capitalization of $7.59 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. The stock’s fifty day simple moving average is $20.47 and its 200-day simple moving average is $21.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34.

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

MINISO Group Dividend Announcement

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

Hedge Funds Weigh In On MINISO Group

Several institutional investors and hedge funds have recently bought and sold shares of MNSO. PNC Financial Services Group Inc. grew its stake in shares of MINISO Group by 95.3% in the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after buying an additional 492 shares in the last quarter. Avalon Trust Co acquired a new position in shares of MINISO Group during the fourth quarter valued at $26,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in MINISO Group in the fourth quarter worth about $206,000. Handelsinvest Investeringsforvaltning bought a new position in MINISO Group in the 4th quarter valued at about $231,000. Finally, Jump Financial LLC acquired a new position in MINISO Group during the 4th quarter valued at about $231,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

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.