MINISO Group (NYSE:MNSO) Hits New 1-Year Low – What’s Next?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $15.26 and last traded at $15.3250, with a volume of 166620 shares changing hands. The stock had previously closed at $15.71.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MINISO Group has a consensus rating of “Hold” and an average price target of $24.60.

MINISO Group Stock Down 2.9%

The firm has a 50 day moving average price of $17.06 and a 200-day moving average price of $19.12. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 0.76. The firm has a market cap of $4.51 billion, a PE ratio of 26.95, a PEG ratio of 1.68 and a beta of 0.25.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $893.90 million during the quarter. MINISO Group had a return on equity of 11.07% and a net margin of 5.56%. Research analysts forecast 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 disclosed a dividend, which will be paid on Monday, May 4th. Stockholders of record on Monday, April 20th will be paid a $0.3764 dividend. This represents a dividend yield of 479.0%. The ex-dividend date is Monday, April 20th. MINISO Group’s dividend payout ratio (DPR) is presently 135.19%.

Hedge Funds Weigh In On MINISO Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Serenity Capital Management PTE. LTD. boosted its stake in shares of MINISO Group by 74.9% in the 4th quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock valued at $37,959,000 after buying an additional 866,793 shares during the period. Marshall Wace LLP boosted its stake in shares of MINISO Group by 15.8% in the 4th quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock valued at $37,148,000 after buying an additional 270,765 shares during the period. Orbis Allan Gray Ltd raised its position in shares of MINISO Group by 0.7% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,792,873 shares of the company’s stock worth $33,616,000 after acquiring an additional 12,468 shares in the last quarter. WFM ASIA BVI Ltd acquired a new stake in shares of MINISO Group during the 3rd quarter worth about $35,624,000. Finally, Millennium Management LLC raised its position in shares of MINISO Group by 38.3% during the 4th quarter. Millennium Management LLC now owns 1,344,121 shares of the company’s stock worth $25,202,000 after acquiring an additional 372,237 shares in the last quarter. Hedge funds and other 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.