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

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $14.31 and last traded at $14.3240, with a volume of 469172 shares. The stock had previously closed at $14.63.

Wall Street Analyst Weigh In

Several research firms have issued reports on MNSO. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. 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, MINISO Group has an average rating of “Hold” and an average target price of $24.60.

MINISO Group Stock Performance

The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.61 and a beta of 0.14. 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 stock has a 50 day moving average price of $16.04 and a two-hundred day moving average price of $18.53.

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

MINISO Group Announces Dividend

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

Hedge Funds Weigh In On MINISO Group

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in MINISO Group in the third quarter valued at about $25,000. Parallel Advisors LLC boosted its holdings in MINISO Group by 794.7% during the first quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after buying an additional 1,947 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after buying an additional 608 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in MINISO Group by 28.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after buying an additional 547 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in MINISO Group by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 5,087 shares of the company’s stock worth $114,000 after buying an additional 2,948 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.