MINISO Group (NYSE:MNSO) Reaches New 12-Month Low – Time to Sell?

Shares of MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) hit a new 52-week low during trading on Tuesday . The company traded as low as $13.06 and last traded at $13.27, with a volume of 113997 shares trading hands. The stock had previously closed at $13.53.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a research note on Friday, March 27th. Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.60.

MINISO Group Trading Down 4.1%

The company has a market cap of $4.02 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.14. The business’s fifty day moving average price is $15.44 and its 200 day moving average price is $18.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.66 and a quick ratio of 1.23.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $0.59 EPS for the quarter. MINISO Group had a net margin of 5.56% and a return on equity of 11.15%. Research analysts anticipate that MINISO Group Holding Limited Unsponsored ADR will post 1.47 earnings per share for the current fiscal year.

MINISO Group Announces Dividend

The company also recently announced 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. This represents a yield of 479.0%. The ex-dividend date of this dividend was Monday, April 20th. MINISO Group’s dividend payout ratio (DPR) is currently 135.19%.

Hedge Funds Weigh In On MINISO Group

A number of hedge funds have recently bought and sold shares of the company. Serenity Capital Management PTE. LTD. raised its stake in MINISO Group by 74.9% during the fourth quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock worth $37,959,000 after buying an additional 866,793 shares during the last quarter. Marshall Wace LLP grew its stake in MINISO Group by 15.8% during the fourth quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock worth $37,148,000 after purchasing an additional 270,765 shares during the period. Orbis Allan Gray Ltd increased its holdings in MINISO Group by 0.7% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,792,873 shares of the company’s stock worth $33,616,000 after purchasing an additional 12,468 shares in the last quarter. WFM ASIA BVI Ltd bought a new stake in MINISO Group in the third quarter worth approximately $35,624,000. Finally, Millennium Management LLC lifted its stake in MINISO Group by 38.3% in the fourth quarter. Millennium Management LLC now owns 1,344,121 shares of the company’s stock valued at $25,202,000 after buying an additional 372,237 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.