MINISO Group (NYSE:MNSO) Trading Down 3.9% – Should You Sell?

MINISO Group Holding Limited (NYSE:MNSO) shares dropped 3.9% during mid-day trading on Thursday . The company traded as low as $22.08 and last traded at $22.26. Approximately 472,614 shares were traded during trading, a decline of 65% from the average daily volume of 1,332,673 shares. The stock had previously closed at $23.17.

Wall Street Analyst Weigh In

Separately, Citigroup initiated coverage on shares of MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MINISO Group presently has an average rating of “Hold” and a consensus target price of $20.90.

MINISO Group Stock Performance

The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $7.25 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 0.82 and a beta of 0.08. The firm’s fifty day moving average price is $22.81 and its two-hundred day moving average price is $19.04.

MINISO Group (NYSE:MNSO) last posted its earnings results on Friday, November 29th. The company reported $0.30 earnings per share for the quarter. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. As a group, equities research analysts forecast that MINISO Group Holding Limited will post 1.19 EPS for the current year.

Institutional Investors Weigh In On MINISO Group

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MINISO Group in the 2nd quarter valued at $26,000. FMR LLC grew its stake in MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after acquiring an additional 2,884 shares during the period. Venturi Wealth Management LLC acquired a new stake in MINISO Group in the 3rd quarter valued at $78,000. Blue Trust Inc. grew its stake in MINISO Group by 167.0% in the 3rd quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock valued at $99,000 after acquiring an additional 3,259 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in MINISO Group in the 4th quarter valued at $163,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

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.