MINISO Group (NYSE:MNSO) Stock Price Down 3.7% Following Weak Earnings

MINISO Group Holding Limited (NYSE:MNSO)’s share price traded down 3.7% during mid-day trading on Monday following a dissappointing earnings announcement. The company traded as low as $18.20 and last traded at $18.24. 329,762 shares changed hands during trading, a decline of 80% from the average session volume of 1,610,479 shares. The stock had previously closed at $18.94.

The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25). The business had revenue of $646.49 million during the quarter, compared to analyst estimates of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%.

MINISO Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 8th will be issued a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. MINISO Group’s payout ratio is currently 46.85%.

Analyst Upgrades and Downgrades

MNSO has been the subject of several recent research reports. HSBC initiated coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price for the company. Hsbc Global Res upgraded shares of MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.70.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in MINISO Group in the fourth quarter valued at $31,000. Barclays PLC acquired a new position in MINISO Group in the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its holdings in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $39,000 after buying an additional 734 shares during the period. FMR LLC lifted its holdings in MINISO Group by 230.2% in the third quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after buying an additional 2,884 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of MINISO Group during the fourth quarter valued at about $163,000. 17.16% of the stock is owned by institutional investors.

MINISO Group Stock Down 3.8 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The firm’s fifty day moving average price is $21.83 and its two-hundred day moving average price is $20.48.

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.