MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $14.31 and last traded at $14.3240, with a volume of 469172 shares trading hands. The stock had previously closed at $14.63.
Analyst Ratings Changes
A number of brokerages recently weighed in on MNSO. Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, MINISO Group currently has an average rating of “Hold” and a consensus price target of $24.60.
View Our Latest Analysis on MINISO Group
MINISO Group Price Performance
MINISO Group (NYSE:MNSO – Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.09 earnings per share (EPS) 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 during the quarter. On average, equities research analysts predict that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current year.
MINISO Group Dividend Announcement
The company also recently announced a dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, April 20th were given a $0.3764 dividend. The ex-dividend date was Monday, April 20th. This represents a yield of 479.0%. MINISO Group’s dividend payout ratio is 135.19%.
Institutional Investors Weigh In On MINISO Group
Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in MINISO Group in the 3rd quarter worth approximately $25,000. Parallel Advisors LLC boosted its position in 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 position in 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. grew its stake in shares of MINISO Group by 28.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after purchasing an additional 547 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of MINISO Group by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 5,087 shares of the company’s stock valued at $114,000 after purchasing an additional 2,948 shares during the period. Institutional investors own 17.16% of the company’s stock.
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.
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