MINISO Group Holding Limited (NYSE:MNSO) Receives $23.70 Average Target Price from Brokerages

MINISO Group Holding Limited (NYSE:MNSO) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $23.70.

Separately, HSBC began coverage on MINISO Group in a report on Wednesday. They set a “buy” rating and a $29.30 price objective on the stock.

MINISO Group Trading Up 0.8 %

Shares of NYSE:MNSO opened at $20.80 on Wednesday. MINISO Group has a 12-month low of $12.51 and a 12-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. The company has a market cap of $6.50 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 0.80 and a beta of 0.07. The stock has a 50 day moving average of $23.16 and a 200 day moving average of $19.96.

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

Institutional Trading of MINISO Group

Several hedge funds and other institutional investors have recently bought and sold shares of MNSO. Blue Trust Inc. boosted its position in MINISO Group by 167.0% during the third quarter. Blue Trust Inc. now owns 5,210 shares of the company’s stock valued at $99,000 after purchasing an additional 3,259 shares in the last quarter. International Assets Investment Management LLC bought a new stake in MINISO Group during the third quarter valued at about $923,000. DekaBank Deutsche Girozentrale boosted its holdings in MINISO Group by 3.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company’s stock worth $378,000 after acquiring an additional 690 shares in the last quarter. M&G PLC boosted its holdings in MINISO Group by 217.5% in the third quarter. M&G PLC now owns 3,611,656 shares of the company’s stock worth $65,010,000 after acquiring an additional 2,474,207 shares in the last quarter. Finally, XY Capital Ltd acquired a new stake in MINISO Group in the third quarter worth about $5,134,000. Hedge funds and other 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.