MINISO Group Holding Limited (MNSO) to Issue — Dividend of $0.33 on April 23rd

MINISO Group Holding Limited (NYSE:MNSO) declared a — dividend on Friday, March 21st, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.3268 per share on Wednesday, April 23rd. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, April 8th.

MINISO Group has increased its dividend by an average of 20.7% per year over the last three years. MINISO Group has a payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MINISO Group to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 44.2%.

MINISO Group Stock Down 6.8 %

NYSE:MNSO opened at $16.85 on Friday. The company’s 50 day moving average is $20.90 and its two-hundred day moving average is $20.64. The company has a market cap of $5.26 billion, a PE ratio of 15.18, a P/E/G ratio of 0.80 and a beta of 0.18. MINISO Group has a twelve month low of $12.51 and a twelve month high of $27.71. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MNSO. HSBC began coverage on MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective for the company. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of MINISO Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $15.00 to $22.00 in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.03.

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.