MINISO Group Holding Limited (NYSE:MNSO) Sees Large Decline in Short Interest

MINISO Group Holding Limited (NYSE:MNSO) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 5,550,000 shares, a decline of 14.7% from the March 15th total of 6,510,000 shares. Approximately 6.7% of the company’s stock are short sold. Based on an average trading volume of 1,300,000 shares, the days-to-cover ratio is presently 4.3 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. HSBC initiated coverage on MINISO Group in a report on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price for the company. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised MINISO Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.03.

Institutional Investors Weigh In On MINISO Group

Several hedge funds have recently bought and sold shares of MNSO. FMR LLC increased its stake in shares of MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after purchasing an additional 2,884 shares during the period. Geode Capital Management LLC grew its holdings in MINISO Group by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 66,540 shares of the company’s stock valued at $1,167,000 after buying an additional 1,027 shares in the last quarter. Nordea Investment Management AB increased its position in MINISO Group by 14.9% during the 4th quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock worth $8,020,000 after buying an additional 43,151 shares during the period. SG Americas Securities LLC bought a new stake in shares of MINISO Group in the fourth quarter valued at about $163,000. Finally, Blue Trust Inc. grew its stake in shares of MINISO Group by 66.5% in the fourth quarter. Blue Trust Inc. now owns 8,674 shares of the company’s stock valued at $207,000 after acquiring an additional 3,464 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Trading Up 0.1 %

MINISO Group stock opened at $15.62 on Monday. The stock has a 50-day simple moving average of $19.13 and a 200 day simple moving average of $20.57. The stock has a market capitalization of $4.89 billion, a P/E ratio of 14.07, a PEG ratio of 0.80 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.14. MINISO Group has a 52 week low of $12.51 and a 52 week high of $27.71.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The business had revenue of $646.49 million during the quarter, compared to the consensus estimate of $4.82 billion. Analysts expect that MINISO Group will post 1.19 earnings per share for the current year.

MINISO Group Announces Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be paid a $0.3268 dividend. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group’s dividend payout ratio (DPR) is currently 53.39%.

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.