MINISO Group (NYSE:MNSO) Shares Down 3.4%

MINISO Group Holding Limited (NYSE:MNSO) fell 3.4% during mid-day trading on Thursday . The company traded as low as $15.83 and last traded at $15.93. 263,191 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,431,742 shares. The stock had previously closed at $16.49.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on shares of MINISO Group from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd.

MINISO Group Trading Down 2.0 %

The business’s fifty day simple moving average is $16.48 and its 200 day simple moving average is $19.53. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. The stock has a market cap of $4.87 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 0.68 and a beta of 0.17.

MINISO Group Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be paid a $0.274 dividend. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, September 13th. MINISO Group’s dividend payout ratio (DPR) is presently 49.06%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its holdings in shares of MINISO Group by 37.8% in the first quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,223,450 shares of the company’s stock valued at $107,081,000 after purchasing an additional 1,433,950 shares during the last quarter. Sylebra Capital LLC increased its holdings in MINISO Group by 96.3% during the second quarter. Sylebra Capital LLC now owns 1,831,002 shares of the company’s stock worth $34,917,000 after buying an additional 898,373 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in MINISO Group by 89.1% during the second quarter. Point72 Hong Kong Ltd now owns 1,707,749 shares of the company’s stock worth $32,567,000 after buying an additional 804,706 shares during the last quarter. Axiom Investors LLC DE increased its holdings in MINISO Group by 111.7% during the fourth quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock worth $33,582,000 after buying an additional 868,599 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in MINISO Group by 3.3% during the second quarter. Victory Capital Management Inc. now owns 1,588,191 shares of the company’s stock worth $30,287,000 after buying an additional 50,650 shares during the last quarter. Institutional investors own 17.16% of the company’s stock.

MINISO Group Company Profile

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.