MINISO Group (NYSE:MNSO) Trading 1.6% Higher

Shares of MINISO Group Holding Limited (NYSE:MNSO) traded up 1.6% on Wednesday . The company traded as high as $21.86 and last traded at $21.63. 167,434 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 1,601,089 shares. The stock had previously closed at $21.29.

MINISO Group Stock Up 1.0 %

The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 0.73 and a beta of 0.27. The business’s fifty day moving average is $18.98 and its two-hundred day moving average is $21.69.

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

MINISO Group Dividend Announcement

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

Hedge Funds Weigh In On MINISO Group

A number of large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in MINISO Group during the first quarter worth $112,000. Vanguard Group Inc. increased its holdings in shares of MINISO Group by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 2,530,931 shares of the company’s stock valued at $19,742,000 after purchasing an additional 92,767 shares in the last quarter. Ergoteles LLC lifted its stake in shares of MINISO Group by 355.1% in the first quarter. Ergoteles LLC now owns 73,533 shares of the company’s stock valued at $574,000 after purchasing an additional 57,376 shares during the period. Mackenzie Financial Corp boosted its holdings in MINISO Group by 54.5% during the first quarter. Mackenzie Financial Corp now owns 291,925 shares of the company’s stock worth $2,277,000 after buying an additional 102,943 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in MINISO Group by 4.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 99,149 shares of the company’s stock worth $774,000 after buying an additional 4,110 shares during the period. Hedge funds and other 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.