MINISO Group (NYSE:MNSO – Free Report) had its target price decreased by JPMorgan Chase & Co. from $29.00 to $27.00 in a research report released on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
MINISO Group Stock Down 5.3 %
MINISO Group stock opened at $16.04 on Tuesday. MINISO Group has a 1-year low of $14.28 and a 1-year high of $29.92. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17. The firm’s fifty day moving average price is $16.79 and its two-hundred day moving average price is $19.63. The company has a current ratio of 2.18, a quick ratio of 1.80 and a debt-to-equity ratio of 0.10.
MINISO Group Announces Dividend
The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be given a dividend of $0.274 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, September 13th. MINISO Group’s payout ratio is currently 50.94%.
Institutional Inflows and Outflows
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.
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