MINISO Group (NYSE:MNSO) Stock Price Up 3.1% – Should You Buy?

MINISO Group Holding Limited (NYSE:MNSO)’s share price was up 3.1% during trading on Wednesday . The stock traded as high as $19.21 and last traded at $18.81. Approximately 869,762 shares traded hands during trading, a decline of 46% from the average daily volume of 1,613,546 shares. The stock had previously closed at $18.24.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. raised MINISO Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $15.00 to $22.00 in a research note on Tuesday. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. Finally, HSBC assumed coverage on MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.03.

MINISO Group Trading Down 4.6 %

The business’s 50-day moving average is $21.49 and its two-hundred day moving average is $20.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The firm has a market cap of $5.82 billion, a P/E ratio of 16.77, a P/E/G ratio of 0.80 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last released its earnings results on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. The company had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion. As a group, analysts predict that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be paid a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.4%. MINISO Group’s dividend payout ratio is presently 55.08%.

Institutional Trading of MINISO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in shares of MINISO Group by 14.9% during the 4th quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock worth $8,020,000 after purchasing an additional 43,151 shares during the last quarter. Erste Asset Management GmbH bought a new position in MINISO Group during the third quarter worth about $685,000. Candriam S.C.A. acquired a new position in MINISO Group during the fourth quarter worth approximately $9,986,000. Citigroup Inc. raised its stake in MINISO Group by 553.7% in the third quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock valued at $6,846,000 after buying an additional 330,579 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of MINISO Group in the fourth quarter valued at approximately $163,000. 17.16% of the stock is owned by institutional investors.

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.