MINISO Group (NYSE:MNSO) Sets New 12-Month Low – Here’s Why

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $14.48 and last traded at $14.6550, with a volume of 38090 shares trading hands. The stock had previously closed at $14.53.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research raised 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.60.

MINISO Group Trading Up 0.4%

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.66 and a quick ratio of 1.23. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.63 and a beta of 0.14. The business’s 50-day moving average price is $16.50 and its two-hundred day moving average price is $18.85.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $893.90 million for the quarter. MINISO Group had a return on equity of 11.07% and a net margin of 5.56%. Research analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current year.

MINISO Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, May 4th. Investors of record on Monday, April 20th will be paid a $0.3764 dividend. This represents a yield of 479.0%. The ex-dividend date of this dividend is Monday, April 20th. MINISO Group’s payout ratio is 135.19%.

Institutional Investors Weigh In On MINISO Group

A number of large investors have recently bought and sold shares of MNSO. Caitong International Asset Management Co. Ltd acquired a new position in shares of MINISO Group in the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after acquiring an additional 608 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock valued at $56,000 after acquiring an additional 547 shares during the last quarter. Hantz Financial Services Inc. raised its position in MINISO Group by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 5,087 shares of the company’s stock valued at $114,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in MINISO Group during the fourth quarter valued at approximately $126,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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.