MINISO Group (NYSE:MNSO) Shares Gap Up – What’s Next?

MINISO Group Holding Limited (NYSE:MNSO)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $18.35, but opened at $18.76. MINISO Group shares last traded at $18.45, with a volume of 1,088,109 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MNSO. Hsbc Global Res upgraded MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC started coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price for the company. Finally, JPMorgan Chase & Co. raised MINISO Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $15.00 to $22.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.03.

MINISO Group Stock Up 4.1 %

The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $6.10 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The business has a 50-day moving average price of $21.56 and a 200-day moving average price of $20.50.

MINISO Group (NYSE:MNSO) last issued its earnings results on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The company had revenue of $646.49 million during the quarter, compared to analysts’ expectations of $4.82 billion. Equities research analysts forecast that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be given a dividend of $0.3268 per share. This represents a yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group’s payout ratio is currently 55.08%.

Hedge Funds Weigh In On MINISO Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in MINISO Group in the fourth quarter valued at approximately $31,000. Barclays PLC purchased a new stake in MINISO Group in the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of MINISO Group by 83.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after purchasing an additional 734 shares during the last quarter. FMR LLC grew its holdings in shares of MINISO Group by 230.2% during the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after purchasing an additional 2,884 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of MINISO Group during the 4th quarter worth about $163,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.