MINISO Group (NYSE:MNSO) Shares Gap Up – Time to Buy?

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 Analyst Weigh In

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

MINISO Group Price Performance

The company has a fifty day moving average price of $21.74 and a two-hundred day moving average price of $20.50. 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 firm has a market cap of $5.73 billion, a P/E ratio of 16.51, a PEG ratio of 0.80 and a beta of 0.10.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $4.82 billion. Equities analysts anticipate that MINISO Group Holding Limited will post 1.19 earnings per share for the current year.

MINISO Group Dividend Announcement

The company also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be issued 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 dividend payout ratio (DPR) is presently 55.08%.

Institutional Trading of MINISO Group

A number of institutional investors have recently modified their holdings of MNSO. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its position in MINISO Group by 76.6% in the 4th quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company’s stock valued at $219,835,000 after buying an additional 3,992,300 shares during the last quarter. HCEP Management Ltd bought a new position in shares of MINISO Group during the 4th quarter worth approximately $40,613,000. Candriam S.C.A. acquired a new stake in shares of MINISO Group in the fourth quarter valued at approximately $9,986,000. Citigroup Inc. lifted its position in shares of MINISO Group by 553.7% in the third quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock worth $6,846,000 after purchasing an additional 330,579 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in MINISO Group during the fourth quarter worth $3,780,000. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Company Profile

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.