MINISO Group Holding Limited (NYSE:MNSO) Receives $20.90 Average PT from Brokerages

MINISO Group Holding Limited (NYSE:MNSO) has received an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $20.90.

MNSO has been the subject of a number of analyst reports. Bank of America lowered MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. Citigroup began coverage on MINISO Group in a report on Friday, October 4th. They set a “buy” rating and a $26.80 target price for the company. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd.

MINISO Group Stock Up 0.4 %

Shares of NYSE:MNSO opened at $19.73 on Tuesday. MINISO Group has a 52-week low of $12.51 and a 52-week high of $28.16. The stock has a market cap of $6.23 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 0.81 and a beta of 0.15. The business’s 50 day moving average is $17.15 and its 200 day moving average is $18.91. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $555.26 million for the quarter, compared to analysts’ expectations of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. Sell-side analysts predict that MINISO Group will post 1.23 EPS for the current year.

MINISO Group Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a $0.274 dividend. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, September 13th. MINISO Group’s payout ratio is 49.07%.

Hedge Funds Weigh In On MINISO Group

Several hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MINISO Group during the 2nd quarter worth about $26,000. Blue Trust Inc. grew its position in MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after purchasing an additional 1,890 shares during the period. Venturi Wealth Management LLC acquired a new stake in MINISO Group during the 3rd quarter worth about $78,000. Headlands Technologies LLC acquired a new stake in MINISO Group during the 1st quarter worth about $93,000. Finally, Banque Cantonale Vaudoise acquired a new stake in MINISO Group during the 2nd quarter worth about $118,000. 17.16% of the stock is 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.