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 Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 1.91. The firm has a fifty day moving average price of $19.89 and a two-hundred day moving average price of $21.39. The stock has a market capitalization of $7.47 billion, a PE ratio of 23.55, a P/E/G ratio of 0.78 and a beta of 0.27.

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

MINISO Group Announces Dividend

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

Institutional Trading of MINISO Group

A number of institutional investors have recently made changes to their positions in MNSO. Acadian Asset Management LLC increased its stake in shares of MINISO Group by 8.1% in the 3rd quarter. Acadian Asset Management LLC now owns 3,532,627 shares of the company’s stock valued at $91,456,000 after purchasing an additional 265,483 shares in the last quarter. Vanguard Group Inc. boosted its holdings in MINISO Group by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,490,090 shares of the company’s stock worth $90,393,000 after buying an additional 49,492 shares during the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its holdings in MINISO Group by 45.1% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 3,224,200 shares of the company’s stock worth $83,507,000 after buying an additional 1,002,600 shares during the last quarter. Axiom Investors LLC DE boosted its holdings in shares of MINISO Group by 111.7% during the 4th quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock worth $33,582,000 after purchasing an additional 868,599 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of MINISO Group during the 4th quarter worth approximately $31,510,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

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.