MINISO Group (NYSE:MNSO) Stock Price Up 8.2%

MINISO Group Holding Limited (NYSE:MNSO) shares rose 8.2% during mid-day trading on Thursday . The stock traded as high as $24.06 and last traded at $24.02. Approximately 526,805 shares were traded during trading, a decline of 67% from the average daily volume of 1,581,966 shares. The stock had previously closed at $22.20.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. started coverage on MINISO Group in a report on Tuesday. They set an “overweight” rating and a $30.00 price objective on the stock.

MINISO Group Trading Up 9.0 %

The company’s fifty day moving average is $20.27 and its 200-day moving average is $21.28. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $7.65 billion, a P/E ratio of 23.62, a P/E/G ratio of 0.93 and a beta of 0.22.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. The company had revenue of $541.04 million during the quarter. As a group, sell-side analysts anticipate that MINISO Group Holding Limited will post 1.24 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.29 per share. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group’s dividend payout ratio is currently 38.24%.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors have recently added to or reduced their stakes in MNSO. Acadian Asset Management LLC increased its holdings in MINISO Group by 8.1% in the 3rd quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company’s stock valued at $91,456,000 after buying an additional 265,483 shares during the period. Vanguard Group Inc. raised its position in MINISO Group by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock worth $90,393,000 after purchasing an additional 49,492 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its stake in MINISO Group by 45.1% during the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock worth $83,507,000 after purchasing an additional 1,002,600 shares during the period. Axiom Investors LLC DE boosted its holdings in MINISO Group by 111.7% during the fourth quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock valued at $33,582,000 after purchasing an additional 868,599 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of MINISO Group in the 4th quarter valued at approximately $31,510,000. 17.16% of the stock is owned by institutional investors and hedge funds.

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.