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

MINISO Group Holding Limited (NYSE:MNSO) declared 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. The ex-dividend date is Tuesday, April 8th.

MINISO Group has increased its dividend payment by an average of 20.7% per year over the last three years. MINISO Group has a dividend payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.55 annual dividend with an expected future payout ratio of 37.4%.

MINISO Group Stock Down 9.1 %

Shares of NYSE MNSO traded down $1.89 on Friday, reaching $18.90. 5,304,985 shares of the company’s stock traded hands, compared to its average volume of 1,614,077. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71. The business’s 50 day simple moving average is $21.83 and its two-hundred day simple moving average is $20.44. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on MNSO. Hsbc Global Res upgraded shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. HSBC started coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.70.

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.