MINISO Group (NYSE:MNSO) Hits New 52-Week Low – What’s Next?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.97 and last traded at $13.7540, with a volume of 11326 shares traded. The stock had previously closed at $14.11.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.60.

MINISO Group Stock Down 2.2%

The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.57 and a beta of 0.14. The business’s 50-day moving average is $15.70 and its two-hundred day moving average is $18.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.23 and a current ratio of 1.66.

MINISO Group (NYSE:MNSO) last posted its earnings results on Saturday, February 14th. The company reported $0.09 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 11.15% and a net margin of 5.56%.The business had revenue of $893.90 million during the quarter. On average, equities analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current year.

MINISO Group Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, May 4th. Stockholders of record on Monday, April 20th were paid a dividend of $0.3764 per share. This represents a dividend yield of 479.0%. The ex-dividend date of this dividend was Monday, April 20th. MINISO Group’s dividend payout ratio (DPR) is currently 135.19%.

Hedge Funds Weigh In On MINISO Group

Several hedge funds have recently made changes to their positions in MNSO. Long Corridor Asset Management Ltd acquired a new stake in MINISO Group during the 3rd quarter valued at $2,368,000. Fox Run Management L.L.C. acquired a new stake in MINISO Group during the 3rd quarter valued at $1,275,000. WFM ASIA BVI Ltd acquired a new stake in MINISO Group during the 3rd quarter valued at $35,624,000. Persistent Asset Partners Ltd acquired a new stake in MINISO Group during the 3rd quarter valued at $948,000. Finally, Keystone Investors PTE Ltd. lifted its holdings in MINISO Group by 32.2% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 192,100 shares of the company’s stock valued at $4,322,000 after purchasing an additional 46,800 shares during the last quarter. 17.16% of the stock is owned by institutional investors.

About MINISO Group

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.