MINISO Group (NYSE:MNSO) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of MINISO Group (NYSE:MNSO) in a report released on Tuesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $30.00 price target on the stock.

MINISO Group Price Performance

NYSE MNSO traded down $0.18 on Tuesday, reaching $24.02. 1,358,302 shares of the company’s stock traded hands, compared to its average volume of 1,592,009. The stock has a market cap of $7.59 billion, a PE ratio of 23.51, a P/E/G ratio of 0.92 and a beta of 0.23. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 1.91. MINISO Group has a 12 month low of $14.46 and a 12 month high of $29.92. The stock has a 50-day simple moving average of $20.37 and a 200 day simple moving average of $21.30.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. The firm 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%. As a group, research analysts predict that MINISO Group will post 1.24 earnings per share for the current year.

MINISO Group Announces Dividend

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

Institutional Investors Weigh In On MINISO Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of MINISO Group in the fourth quarter worth $31,510,000. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its position 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 lifted its stake in MINISO Group by 111.7% during the 4th quarter. Axiom Investors LLC DE now owns 1,646,199 shares of the company’s stock valued at $33,582,000 after acquiring an additional 868,599 shares during the period. Carmignac Gestion boosted its holdings in shares of MINISO Group by 95,834.7% during the 4th quarter. Carmignac Gestion now owns 735,819 shares of the company’s stock valued at $15,010,000 after acquiring an additional 735,052 shares during the last quarter. Finally, Matthews International Capital Management LLC bought a new stake in shares of MINISO Group in the third quarter worth approximately $14,503,000. Institutional investors 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.