MINISO Group (NYSE:MNSO) Shares Gap Up to $22.22

MINISO Group Holding Limited (NYSE:MNSO)’s share price gapped up before the market opened on Friday . The stock had previously closed at $22.22, but opened at $23.81. MINISO Group shares last traded at $23.87, with a volume of 616,092 shares trading hands.

MINISO Group Trading Up 6.3 %

The stock has a 50 day simple moving average of $20.01 and a 200-day simple moving average of $21.34. The firm has a market capitalization of $7.47 billion, a P/E ratio of 23.17, a P/E/G ratio of 0.72 and a beta of 0.27. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 0.09.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $541.04 million during the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. On average, equities research analysts forecast that MINISO Group Holding Limited will post 1.18 EPS for the current fiscal year.

MINISO Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Deltec Asset Management LLC bought a new position in MINISO Group in the 1st quarter worth approximately $587,000. Bridgefront Capital LLC bought a new position in MINISO Group in the 4th quarter worth approximately $679,000. Prudential PLC boosted its stake in MINISO Group by 884.5% in the 4th quarter. Prudential PLC now owns 217,548 shares of the company’s stock worth $4,438,000 after purchasing an additional 195,451 shares during the period. Carmignac Gestion boosted its stake in MINISO Group by 95,834.7% in the 4th quarter. Carmignac Gestion now owns 735,819 shares of the company’s stock worth $15,010,000 after purchasing an additional 735,052 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its stake in MINISO Group by 111.3% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 32,351 shares of the company’s stock worth $660,000 after purchasing an additional 17,043 shares during the period. 17.16% of the stock is currently owned by institutional investors.

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.