MINISO Group (NYSE:MNSO) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began 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 Stock Down 0.7 %

MNSO stock opened at $24.02 on Tuesday. The business’s 50-day moving average is $20.37 and its two-hundred day moving average is $21.30. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 0.92 and a beta of 0.23. MINISO Group has a fifty-two week low of $14.46 and a fifty-two week high of $29.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34.

MINISO Group (NYSE:MNSO) last issued 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 for the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. As a group, analysts forecast that MINISO Group will post 1.24 earnings per share for the current year.

MINISO Group Announces Dividend

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

Hedge Funds Weigh In On MINISO Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in MINISO Group by 95.3% in the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock worth $26,000 after buying an additional 492 shares in the last quarter. California Public Employees Retirement System increased its holdings in MINISO Group by 0.6% in the 3rd quarter. California Public Employees Retirement System now owns 161,434 shares of the company’s stock worth $4,181,000 after acquiring an additional 956 shares in the last quarter. Avalon Trust Co purchased a new stake in MINISO Group in the 4th quarter worth approximately $26,000. Janney Montgomery Scott LLC raised its stake in MINISO Group by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after acquiring an additional 2,301 shares during the period. Finally, Prudential PLC lifted its holdings in MINISO Group by 12.9% during the third quarter. Prudential PLC now owns 22,097 shares of the company’s stock valued at $572,000 after purchasing an additional 2,526 shares in the last quarter. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Company Profile

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.