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

Shares of MINISO Group Holding Limited (NYSE:MNSO) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $23.70.

Several equities analysts have recently weighed in on the stock. HSBC began coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price target on the stock. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th.

Institutional Investors Weigh In On MINISO Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of MINISO Group in the 4th quarter valued at approximately $31,000. Barclays PLC acquired a new position in MINISO Group in the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC grew its position in MINISO Group by 83.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $39,000 after acquiring an additional 734 shares during the period. FMR LLC increased its stake in MINISO Group by 230.2% during the third quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after acquiring an additional 2,884 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in MINISO Group in the third quarter valued at $78,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Stock Performance

NYSE MNSO opened at $20.80 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. MINISO Group has a 1-year low of $12.51 and a 1-year high of $27.71. 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’s 50 day simple moving average is $23.16 and its 200-day simple moving average is $20.02.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data 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 anticipate that MINISO Group will post 1.19 EPS for the current fiscal year.

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.