MINISO Group (NYSE:MNSO) Shares Gap Up to $22.95

MINISO Group Holding Limited (NYSE:MNSO)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $22.95, but opened at $23.58. MINISO Group shares last traded at $24.29, with a volume of 282,367 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their price objective on shares of MINISO Group from $24.30 to $27.90 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd.

MINISO Group Trading Down 1.0 %

The firm has a market capitalization of $7.84 billion, a PE ratio of 30.65 and a beta of 0.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.18 and a current ratio of 2.55. The company’s 50-day moving average price is $19.53 and its 200-day moving average price is $17.89.

MINISO Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, September 7th will be given a $0.412 dividend. The ex-dividend date is Wednesday, September 6th. This is a boost from MINISO Group’s previous annual dividend of $0.16. This represents a yield of 1.7%.

Institutional Investors Weigh In On MINISO Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can lifted its position in MINISO Group by 1.4% in the second quarter. Great West Life Assurance Co. Can now owns 73,983 shares of the company’s stock valued at $1,257,000 after acquiring an additional 1,000 shares during the last quarter. Boothbay Fund Management LLC lifted its position in MINISO Group by 1.8% in the first quarter. Boothbay Fund Management LLC now owns 61,060 shares of the company’s stock valued at $1,083,000 after acquiring an additional 1,060 shares during the last quarter. Ritholtz Wealth Management lifted its position in MINISO Group by 5.3% in the second quarter. Ritholtz Wealth Management now owns 27,017 shares of the company’s stock valued at $459,000 after acquiring an additional 1,369 shares during the last quarter. Two Sigma Investments LP lifted its position in MINISO Group by 0.3% in the first quarter. Two Sigma Investments LP now owns 445,329 shares of the company’s stock valued at $7,900,000 after acquiring an additional 1,383 shares during the last quarter. Finally, James Investment Research Inc. purchased a new stake in shares of MINISO Group in the first quarter valued at about $34,000. 21.19% of the stock is owned by hedge funds and other institutional investors.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products in China, Asia, the Americas, 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.