MINISO Group (NYSE:MNSO) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of MINISO Group (NYSE:MNSO) from a neutral rating to an overweight rating in a report released on Tuesday morning, Marketbeat.com reports. They currently have $22.00 price objective on the stock, up from their previous price objective of $15.00.

Other equities analysts have also issued research reports about the stock. HSBC assumed coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price for the company. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, MINISO Group presently has an average rating of “Moderate Buy” and a consensus price target of $26.03.

MINISO Group Stock Down 0.4 %

MINISO Group stock opened at $18.28 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $5.71 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.80 and a beta of 0.10. The firm has a 50 day moving average price of $21.64 and a 200-day moving average price of $20.52. MINISO Group has a twelve month low of $12.51 and a twelve month high of $27.71.

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 analysts’ consensus estimates of $2.61 by ($2.25). The firm had revenue of $646.49 million during the quarter, compared to analysts’ expectations of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%. As a group, equities analysts predict that MINISO Group will post 1.19 EPS for the current year.

MINISO Group Dividend Announcement

The company also recently announced a — dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be paid a $0.3268 dividend. This represents a yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group’s dividend payout ratio is presently 55.08%.

Institutional Investors Weigh In On MINISO Group

Several large investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its position in shares of MINISO Group by 14.9% during the 4th quarter. Nordea Investment Management AB now owns 333,729 shares of the company’s stock valued at $8,020,000 after acquiring an additional 43,151 shares during the last quarter. Erste Asset Management GmbH bought a new stake in MINISO Group during the third quarter valued at approximately $685,000. Candriam S.C.A. purchased a new position in MINISO Group in the 4th quarter worth approximately $9,986,000. Citigroup Inc. increased its holdings in shares of MINISO Group by 553.7% in the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock worth $6,846,000 after buying an additional 330,579 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of MINISO Group during the 4th quarter valued at $163,000. Institutional investors own 17.16% of the company’s stock.

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.