MINISO Group (NYSE:MNSO) Sets New 52-Week Low – Should You Sell?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.56 and last traded at $11.6450, with a volume of 63637 shares changing hands. The stock had previously closed at $11.94.

Analyst Ratings Changes

Several research firms have recently weighed in on MNSO. Zacks Research lowered shares of MINISO Group from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Wall Street Zen raised shares of MINISO Group from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.73.

MINISO Group Trading Down 1.0%

The company has a 50-day simple moving average of $13.91 and a 200-day simple moving average of $16.86. 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 cap of $3.54 billion, a P/E ratio of 12.15, a P/E/G ratio of 1.43 and a beta of 0.08.

MINISO Group (NYSE:MNSO) last announced its earnings results 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 return on equity of 18.98% and a net margin of 9.03%.The business had revenue of $825.04 million for the quarter, compared to the consensus estimate of $805.60 million. On average, sell-side analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.12 EPS for the current fiscal year.

MINISO Group Dividend Announcement

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

Insider Transactions at MINISO Group

In related news, VP Yunyun (Alice) Yang acquired 150,000 shares of the stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $3.35 per share, for a total transaction of $502,500.00. Following the transaction, the vice president owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. The trade was a 0.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 cost of $3.35 per share, with a total value of $502,500.00. Following the completion of the purchase, the chief executive officer owned 315,740,482 shares of the company’s stock, valued at approximately $1,057,730,614.70. The trade was a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 4,200,000 shares of company stock worth $13,797,000. Insiders own 73.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after buying an additional 1,947 shares in the last quarter. Renaissance Technologies LLC bought a new position in MINISO Group in the 1st quarter valued at $478,000. XY Capital Ltd acquired a new stake in shares of MINISO Group in the 1st quarter valued at $2,841,000. PNC Financial Services Group Inc. increased its stake in shares of MINISO Group by 34.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,842 shares of the company’s stock valued at $78,000 after buying an additional 1,251 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of MINISO Group by 243.5% during the first quarter. Hsbc Holdings PLC now owns 298,482 shares of the company’s stock worth $4,844,000 after acquiring an additional 211,587 shares during the last quarter. Institutional investors own 17.16% of the company’s stock.

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.