MINISO Group Holding Limited (NYSE:MNSO) Given Average Rating of “Moderate Buy” by Analysts

MINISO Group Holding Limited (NYSE:MNSO) has received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.03.

A number of research firms have recently issued reports on MNSO. JPMorgan Chase & Co. upgraded shares of MINISO Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $15.00 to $22.00 in a report on Tuesday. HSBC assumed coverage on MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective for the company. Finally, Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th.

MINISO Group Price Performance

Shares of MNSO stock opened at $19.54 on Friday. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 0.80 and a beta of 0.10. 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’s 50 day moving average is $21.49 and its 200-day moving average is $20.50. MINISO Group has a 1 year low of $12.51 and a 1 year high of $27.71.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts forecast that MINISO Group will post 1.19 EPS for the current fiscal year.

MINISO Group Dividend Announcement

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

Institutional Trading of MINISO Group

Several large investors have recently made changes to their positions in the company. Citigroup Inc. boosted its stake in MINISO Group by 553.7% during the 3rd quarter. Citigroup Inc. now owns 390,286 shares of the company’s stock valued at $6,846,000 after purchasing an additional 330,579 shares during the last quarter. FMR LLC boosted its position in shares of MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock valued at $73,000 after buying an additional 2,884 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of MINISO Group during the third quarter valued at approximately $685,000. Centiva Capital LP bought a new position in MINISO Group during the 3rd quarter valued at $255,000. Finally, Quantinno Capital Management LP purchased a new position in MINISO Group during the 3rd quarter worth $191,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

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.