MINISO Group (NYSE:MNSO) Hits New 52-Week Low – What’s Next?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $14.48 and last traded at $14.56, with a volume of 46914 shares traded. The stock had previously closed at $14.63.

Analysts Set New Price Targets

MNSO has been the topic of a number of research reports. 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, MINISO Group presently has a consensus rating of “Hold” and an average target price of $24.60.

MINISO Group Stock Performance

The firm has a fifty day moving average of $16.21 and a 200 day moving average of $18.64. 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 market capitalization of $4.53 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 1.64 and a beta of 0.14.

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

MINISO Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were paid a dividend of $0.3764 per share. This represents a yield of 479.0%. The ex-dividend date of this dividend was Monday, April 20th. MINISO Group’s payout ratio is 135.19%.

Institutional Investors Weigh In On MINISO Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in shares of MINISO Group by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock valued at $344,000 after purchasing an additional 498 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of MINISO Group by 28.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after acquiring an additional 547 shares during the last quarter. American Century Companies Inc. boosted its position in shares of MINISO Group by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock worth $2,427,000 after purchasing an additional 595 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of MINISO Group by 37.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after buying an additional 608 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in MINISO Group by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock valued at $804,000 after acquiring an additional 609 shares in the last quarter. Institutional investors and hedge funds 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.