MINISO Group (NYSE:MNSO) Shares Gap Down – Time to Sell?

MINISO Group Holding Limited (NYSE:MNSO)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $18.30, but opened at $17.45. MINISO Group shares last traded at $17.11, with a volume of 453,734 shares traded.

Analyst Ratings Changes

MNSO has been the subject of a number of research analyst reports. Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Citigroup began coverage on shares of MINISO Group in a research note on Friday, October 4th. They issued a “buy” rating and a $26.80 price target for the company. Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 target price (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MINISO Group has a consensus rating of “Hold” and an average target price of $20.90.

MINISO Group Trading Down 2.3 %

The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $16.44 and its two-hundred day simple moving average is $19.17. The stock has a market cap of $5.20 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 0.74 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last released its quarterly earnings results on Friday, August 30th. The company reported $0.26 EPS for the quarter. The business had revenue of $555.26 million during the quarter, compared to analyst estimates of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. As a group, equities research analysts predict that MINISO Group Holding Limited will post 1.23 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

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

Hedge Funds Weigh In On MINISO Group

Several institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its position in shares of MINISO Group by 9.1% during the second quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock worth $215,000 after acquiring an additional 942 shares during the last quarter. XTX Topco Ltd grew its position in shares of MINISO Group by 10.6% during the second quarter. XTX Topco Ltd now owns 13,861 shares of the company’s stock worth $264,000 after acquiring an additional 1,326 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MINISO Group in the second quarter worth about $26,000. Blue Trust Inc. lifted its holdings in MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after purchasing an additional 1,890 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in MINISO Group by 5.6% in the first quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after purchasing an additional 2,301 shares during the period. Institutional investors 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.