MINISO Group (NYSE:MNSO) Shares Gap Up to $19.02

MINISO Group Holding Limited (NYSE:MNSO)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $19.02, but opened at $20.09. MINISO Group shares last traded at $20.42, with a volume of 1,880,590 shares traded.

MINISO Group Stock Performance

The firm has a fifty day simple moving average of $19.22 and a 200-day simple moving average of $21.51. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 0.09. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 0.71 and a beta of 0.27.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. The firm had revenue of $541.04 million for the quarter. Analysts forecast that MINISO Group Holding Limited will post 1.12 EPS for the current fiscal year.

MINISO Group Announces Dividend

The company also recently disclosed a None dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.29 per share. This represents a yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group’s dividend payout ratio is 38.24%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MNSO. BlackRock Inc. lifted its stake in shares of MINISO Group by 6,082.2% in the 1st quarter. BlackRock Inc. now owns 3,901,608 shares of the company’s stock valued at $69,215,000 after purchasing an additional 3,838,498 shares during the period. Norges Bank acquired a new position in shares of MINISO Group in the 4th quarter valued at $31,510,000. State Street Corp lifted its stake in shares of MINISO Group by 188.4% in the 1st quarter. State Street Corp now owns 1,772,962 shares of the company’s stock valued at $31,452,000 after purchasing an additional 1,158,183 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its stake in shares of MINISO Group by 45.1% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock valued at $83,507,000 after purchasing an additional 1,002,600 shares during the period. Finally, Axiom Investors LLC DE lifted its stake in shares of MINISO Group by 111.7% in the 4th quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock valued at $33,582,000 after purchasing an additional 868,599 shares during the period. Institutional investors and hedge funds own 17.16% of the company’s stock.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.