MINISO Group (NYSE:MNSO) Sets New 52-Week Low – Should You Sell?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.31 and last traded at $14.3240, with a volume of 469172 shares traded. The stock had previously closed at $14.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MNSO shares. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a report on Friday, March 27th. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, MINISO Group presently has a consensus rating of “Hold” and an average price target of $24.60.

MINISO Group Price Performance

The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.61 and a beta of 0.14. The company has a 50-day simple moving average of $16.04 and a two-hundred day simple moving average of $18.53. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.23 and a current ratio of 1.66.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $893.90 million for the quarter. MINISO Group had a return on equity of 11.15% and a net margin of 5.56%. As a group, equities research analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current year.

MINISO Group Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of MINISO Group during the 3rd quarter worth approximately $25,000. Parallel Advisors LLC boosted its stake in shares of MINISO Group by 794.7% during the 1st quarter. Parallel Advisors LLC now owns 2,192 shares of the company’s stock worth $36,000 after acquiring an additional 1,947 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of MINISO Group by 37.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock worth $41,000 after acquiring an additional 608 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of MINISO Group by 28.3% during 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 period. Finally, Hantz Financial Services Inc. boosted its stake in shares of MINISO Group by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,087 shares of the company’s stock worth $114,000 after acquiring an additional 2,948 shares during the period. 17.16% of the stock is currently owned by institutional investors.

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.