MINISO Group (NYSE:MNSO) Shares Gap Down to $18.08

MINISO Group Holding Limited (NYSE:MNSO) shares gapped down before the market opened on Tuesday . The stock had previously closed at $18.08, but opened at $17.57. MINISO Group shares last traded at $17.57, with a volume of 119,397 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. assumed coverage on MINISO Group in a report on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 price target for the company.

MINISO Group Stock Down 4.3 %

The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.66 and a beta of 0.17. The company has a quick ratio of 1.80, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $20.46 and a two-hundred day moving average price of $20.32.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $515.70 million for the quarter. MINISO Group had a return on equity of 26.19% and a net margin of 16.23%. During the same quarter in the prior year, the firm earned $0.22 earnings per share. As a group, sell-side analysts expect that MINISO Group Holding Limited will post 1.23 earnings per share for the current year.

Institutional Trading of MINISO Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of MINISO Group in the 4th quarter worth about $31,510,000. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its stake in MINISO Group by 37.8% in the first quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company’s stock valued at $107,081,000 after buying an additional 1,433,950 shares during the last quarter. Sylebra Capital LLC acquired a new position in shares of MINISO Group during the first quarter valued at $19,119,000. Axiom Investors LLC DE grew its position in shares of MINISO Group by 111.7% during the fourth quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock worth $33,582,000 after acquiring an additional 868,599 shares during the last quarter. Finally, Carmignac Gestion boosted its stake in MINISO Group by 95,834.7% during the 4th quarter. Carmignac Gestion now owns 735,819 shares of the company’s stock valued at $15,010,000 after purchasing an additional 735,052 shares during the period. 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.