MINISO Group (NYSE:MNSO) Reaches New 52-Week Low – Here’s Why

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) shares reached a new 52-week low on Tuesday . The company traded as low as $12.29 and last traded at $12.3140, with a volume of 451323 shares changing hands. The stock had previously closed at $12.86.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wall Street Zen raised MINISO Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. reduced their price objective on MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.

MINISO Group Trading Down 4.4%

The company has a 50 day moving average of $14.44 and a 200 day moving average of $17.18. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.14 and a current ratio of 1.53. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 1.24 and a beta of 0.08.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.18). MINISO Group had a net margin of 9.03% and a return on equity of 18.98%. The firm had revenue of $825.04 million during the quarter, compared to analyst estimates of $805.60 million. On average, research analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current fiscal year.

MINISO Group Announces Dividend

The business also recently announced a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were issued a $0.3764 dividend. This represents a yield of 479.0%. The ex-dividend date was Monday, April 20th. MINISO Group’s dividend payout ratio is presently 77.66%.

Insider Buying and Selling at MINISO Group

In related news, VP Yunyun (Alice) Yang bought 150,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was bought at an average cost of $3.35 per share, for a total transaction of $502,500.00. Following the acquisition, the vice president directly owned 315,740,482 shares in the company, valued at $1,057,730,614.70. This represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Guofu Ye bought 150,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was bought at an average price of $3.35 per share, with a total value of $502,500.00. Following the completion of the acquisition, the chief executive officer owned 315,740,482 shares in the company, valued at $1,057,730,614.70. This represents a 0.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 4,200,000 shares of company stock valued at $13,797,000. 73.50% of the stock is owned by company insiders.

Institutional Trading of MINISO Group

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in MINISO Group in the 3rd quarter valued at $25,000. Parallel Advisors LLC grew its holdings in MINISO Group by 794.7% in the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock valued at $36,000 after buying an additional 1,947 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in MINISO Group by 37.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after buying an additional 608 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in MINISO Group by 28.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after buying an additional 547 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of MINISO Group during the 4th quarter worth $126,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Company Profile

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.