MINISO Group (NYSE:MNSO) Hits New 1-Year Low – Should You Sell?

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $13.97 and last traded at $13.7540, with a volume of 11326 shares trading hands. The stock had previously closed at $14.11.

Analyst Upgrades and Downgrades

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

MINISO Group Stock Down 1.2%

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.66 and a quick ratio of 1.23. The firm’s 50-day simple moving average is $15.58 and its two-hundred day simple moving average is $18.10. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.53 and a beta of 0.14.

MINISO Group (NYSE:MNSO) last issued its earnings results on Saturday, February 14th. The company reported $0.09 earnings per share for the quarter. MINISO Group had a net margin of 5.56% and a return on equity of 11.15%. The company had revenue of $893.90 million for the quarter. Sell-side analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.47 EPS for the current fiscal year.

MINISO Group Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Long Corridor Asset Management Ltd acquired a new position in MINISO Group during the third quarter worth about $2,368,000. Fox Run Management L.L.C. acquired a new position in MINISO Group during the third quarter worth about $1,275,000. WFM ASIA BVI Ltd acquired a new position in MINISO Group during the third quarter worth about $35,624,000. Persistent Asset Partners Ltd acquired a new stake in shares of MINISO Group in the third quarter valued at approximately $948,000. Finally, Keystone Investors PTE Ltd. grew its position in shares of MINISO Group by 32.2% in the third quarter. Keystone Investors PTE Ltd. now owns 192,100 shares of the company’s stock valued at $4,322,000 after purchasing an additional 46,800 shares during the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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.