MINISO Group (NYSE:MNSO) Reaches New 12-Month Low on Analyst Downgrade

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)’s share price reached a new 52-week low during mid-day trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $12.29 and last traded at $12.3140, with a volume of 451323 shares. The stock had previously closed at $12.86.

A number of other equities research analysts have also commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. JPMorgan Chase & Co. lowered their price target on shares of MINISO Group from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of MINISO Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.73.

Insider Transactions at MINISO Group

In other news, CEO Guofu Ye acquired 150,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was purchased at an average cost of $3.35 per share, with a total value of $502,500.00. Following the acquisition, the chief executive officer owned 315,740,482 shares of the company’s stock, valued at $1,057,730,614.70. This trade represents a 0.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Yunyun (Alice) Yang acquired 150,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were purchased at an average cost of $3.35 per share, with a total value of $502,500.00. Following the completion of the acquisition, the vice president directly owned 315,740,482 shares in the company, valued at approximately $1,057,730,614.70. The trade was a 0.05% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 4,200,000 shares of company stock valued at $13,797,000. Corporate insiders own 73.50% of the company’s stock.

Hedge Funds Weigh In On MINISO Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of MINISO Group by 66.4% during the 1st quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock valued at $498,000 after acquiring an additional 10,747 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of MINISO Group by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company’s stock worth $5,832,000 after purchasing an additional 5,086 shares during the last quarter. Creative Planning boosted its position in shares of MINISO Group by 45.1% in the 2nd quarter. Creative Planning now owns 16,662 shares of the company’s stock worth $304,000 after purchasing an additional 5,177 shares during the last quarter. American Century Companies Inc. grew its stake in shares of MINISO Group by 0.4% during the second 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. Finally, EverSource Wealth Advisors LLC grew its stake in shares of MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after purchasing an additional 608 shares during the period. 17.16% of the stock is owned by institutional investors.

MINISO Group Stock Down 1.8%

The business has a fifty day moving average of $14.28 and a 200 day moving average of $17.08. The firm has a market cap of $3.70 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.53 and a beta of 0.08. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.76.

MINISO Group (NYSE:MNSO) last issued its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). The company had revenue of $825.04 million for the quarter, compared to the consensus estimate of $805.60 million. MINISO Group had a return on equity of 18.98% and a net margin of 9.03%. On average, equities research analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.12 EPS for the current year.

MINISO Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, May 4th. Investors of record on Monday, April 20th were paid a dividend of $0.3764 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a yield of 479.0%. MINISO Group’s dividend payout ratio (DPR) is presently 77.66%.

MINISO Group Company Profile

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.