MINISO Group (NYSE:MNSO) Trading Down 3.9% – Should You Sell?

MINISO Group Holding Limited (NYSE:MNSO) fell 3.9% during trading on Thursday . The stock traded as low as $22.08 and last traded at $22.26. 472,614 shares changed hands during trading, a decline of 65% from the average session volume of 1,332,673 shares. The stock had previously closed at $23.17.

Wall Street Analyst Weigh In

Separately, Citigroup began coverage on MINISO Group in a report on Friday, October 4th. They set a “buy” rating and a $26.80 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.90.

MINISO Group Stock Performance

The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $22.81 and a 200 day moving average price of $19.04. The firm has a market cap of $7.25 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 0.82 and a beta of 0.08.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Friday, November 29th. The company reported $0.30 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. As a group, equities research analysts expect that MINISO Group Holding Limited will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of MINISO Group

Several institutional investors and hedge funds have recently bought and sold shares of MNSO. M&G PLC increased its stake in MINISO Group by 217.5% during the third quarter. M&G PLC now owns 3,611,656 shares of the company’s stock worth $65,010,000 after purchasing an additional 2,474,207 shares during the period. Sylebra Capital LLC increased its stake in MINISO Group by 96.3% during the second quarter. Sylebra Capital LLC now owns 1,831,002 shares of the company’s stock worth $34,917,000 after purchasing an additional 898,373 shares during the period. Point72 Asset Management L.P. increased its stake in MINISO Group by 138.1% during the second quarter. Point72 Asset Management L.P. now owns 1,113,200 shares of the company’s stock worth $21,229,000 after purchasing an additional 645,722 shares during the period. LMR Partners LLP purchased a new stake in MINISO Group during the third quarter worth about $11,384,000. Finally, Citigroup Inc. increased its stake in MINISO Group by 553.7% during the third quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock worth $6,846,000 after purchasing an additional 330,579 shares during the period. 17.16% of the stock is currently owned by hedge funds and other 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.